The American group Hyster Yale completed the acquisition of the majority stake (50,43%) of Bolzoni, an Italian company active in materials handling products and listed on the Italian Stock Exchange in the Star segment. The buyer, as already announced, will now launch a takeover bid on the remaining stake in the Italian company at a price of 4,3 euros per share with the aim of delisting.
Given the change of shareholding, the non-executive directors Franco Bolzoni, Pier Luigi Magnelli and Paolo Mazzoni resigned and at the same time the chairman Emilio Bolzoni also left. In their place were Alfred M. Rankin, Colin Wilson and Suzanne Schulze Taylor. Roberto Scotti, the company's current CEO has been listed as the new chairman. Among the most influential partners of the company is TIP, the merchant bank of Gianni Tamburi.
