Coffee maker Lavazza launches bid to delist Italy's IVS
23/04/2024 07:20
MILAN, April 23 (Reuters) - Italian coffee maker Lavazza
said on Tuesday it would launch a voluntary tender offer to buy
a 28.36% stake of Italy's IVS IVS.MI for 185 million euros, in
agreement with the vending machine operator's majority
shareholder, aiming at taking it private.
Lavazza already owns a 20.4% stake in IVS, which is
controlled by IVS Partecipazioni.
The price offer of 7.15 euros per share represents a premium
of 11% compared with IVS Monday's final price.
"The transaction represents a further investment by the
Lavazza Group in the vending industry, in line with its strategy
based on an omnichannel approach," the coffee maker said in a
press release.
(Reporting by Elisa Anzolin, editing by Cristina Carlevaro)
((elisa.anzolin@thomsonreuters.com; 0039 0266129692;))