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REC Recordati Industria Chimica E Farmaceutica SpA News Story

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Brief: CVC Investor Enters Amendment To Allow Total Return Swap Derivatives In Context Of Takeover Bid On Recordati's Shares

BRIEF-CVC Investor Enters Amendment To Allow Total Return Swap Derivatives In Context Of Takeover Bid On Recordati's Shares

- Recordati Industria Chimica e Farmaceutica SpA RECI.MI on behalf of Respighi BidCo SpA:

  • SAID ON FRIDAY CVC INVESTOR ENTERED AMENDMENT TO ALLOW TOTAL RETURN SWAP DERIVATIVES ON RECORDATI SHARES

  • DEAL INVOLVES UNDERLYING FINANCIAL INSTRUMENTS UP TO 10,250,000 SHARES OF RECORDATI, OR AROUND 4.90% OF SHARE CAPITAL

  • AS OF FRIDAY, CVC INVESTOR HOLDS 1.82% OF RECORDATI SHARES AND 4.9% VIA FINANCIAL INSTRUMENTS

  • FULL NAME OF CVC INVESTOR IS CVC CAPITAL PARTNERS IX AGGREGATOR SCA SICAV-RAIF SUB-FUND 2


Further company coverage: RECI.MI


(Gdansk Newsroom)

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