Brief: Vincenzo Zucchi authorized to sell stake in Mascioni for 150,000 euros

Vincenzo Zucchi SpA

02/10/2015 08:06

Oct 2 (Reuters) - Vincenzo Zucchi SpA  ZUCI.MI : 
    * Reported on Thursday that the court of Busto Arsizio gave 
its authorization to accept the offer of PHI Asset Management 
Partners, SGECR, S.A. (PHI) to buy stake in Mascioni SpA 
    * Under the offer PHI to proceed directly or indirectly to 
acquire entire stake in Mascioni held by Vincenzo Zucchi for 
150,000 euros ($167,535) of which 100,000 euros will be granted 
to advisor as success fee 
    * The net consideration after advisor's share corresponds to 
the fair value of shareholding in Mascioni  
    * PHI commits to support Mascioni's composition with 
creditors by subscribing its possible capital increase to ensure 
that Mascioni will waive 500,000 euros of debt that Vincenzo 
Zucchi owns it 
    * PHI is a fund specializing acquisition of troubled 
companies with headquarters in Madrid, Spain  
 
     
  
     
 Source text for Eikon:  ID:nBIA012f0  
     
 Further company coverage:  ZUCI.MI   
    
 
 
 
($1 = 0.8953 euros) 
 
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