Brief: Fin Posillipo To Lunch Takeover Bid On Pierrel At EUR 1.75/SHR

Pierrel SpA

12/10/2023 06:45

Oct 12 (Reuters) - Pierrel SpA  PRL.MI  on behalf of Fin
Posillipo SpA:
    * SAID ON WEDNESDAY IT WOULD LUNCH TAKEOVER BID ON PIERREL
AT
PRICE OF EUR 1.75/SHR
    * OFFER TARGETS ABOUT 13.69% OF PIERREL SHARE CAPITAL, EQUAL
TO
7.5 MLN SHARES
    * OFFER AIMS TO DELIST PIERREL FROM EURONEXT MILAN
    * SHAREHOLDER FIN POSILLIPO ALREADY OWNS 75.63% OF PIERREL
SHARE
CAPITAL
    * SHAREHOLDER BOOTES OWNS 10.68%, AGREES TO SELL STAKE TO
FIN
POSILLIPO

        
 Further company coverage:  PRL.MI  

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