Busy day in Piazza Affari between those who enter and those who leave. Illimity Bank makes its debut on the MTA of the Italian Stock Exchange, while Luxottica and Parmalat say goodbye to Piazza Affari.
Illimity, the bank born from the merger between Spaxs, the Spac founded by Corrado Passera, and Banca Interprovinciale has opened negotiations with an increase of 4,2% to 7,6 euros. Enthusiasm, however, seems to have faded as the minutes go by and the titles of the institution specialized in "difficult credit" - which in a few hours will present its accounts and business plan - negotiations on parity continue.
We remind you that Illimity takes care of provide credit to high-potential businesses who have no rating or maintain a low rating. The company led by CEO Passera also purchases secured and unsecured corporate NPLs, with the aim of managing them through its own platform.
"We are doing a good thing - the CEO began by ringing the bell that opens the exchanges - we are proud to be listed in Milan".
As for the outputs, Luxottica says goodbye to Milan and moves permanently to Paris. In fact, following the merger of the two companies, the EssilorLuxottica group has been listed on the Paris stock exchange since November 2014.
It should be recalled that last October Essilor launched a public offer on Luxottica which had registered subscriptions equal to 93,3%. In December 2018, the second window closed in which the threshold required for the delisting was exceeded, reaching 97,5%.
Speaking of Parmalat instead, the delisting of the company has distant roots and reaches up to 2011. Eight years ago, in fact, Sofil had launched a takeover bid on the Emilian group reaching 87% of the capital, trying without success to withdraw the shares from the list. At the end of December 2018, Sofil, which belongs to the Lactalis group, exceeded 95% of Parmalat's capital, triggering a purchase obligation on outstanding shares.
According to what was communicated in the company, the Parmalat shares still outstanding correspond to 0,71% of the share capital
