On a positive morning for Piazza Affari in which the Ftse Mib is attempting to rebound after Tuesday's red, Salvatore Ferragamo stock begins trading in sharp decline. At launch the shares failed to price up. A few minutes after the collapse: -6,8% to 22,86 euros against +0,8% of the main list and -0,1% of the reference index.
The rain of sales on the stock was unleashed by the news that arrived this morning on the sale by the majority shareholder, Ferragamo Finanziaria, of a stake equal to 3,5%, equal to approximately 5,9 million ordinary shares, through the procedure accelerated building reserved for institutional investors.
The transaction closed at a price of 23,25 euros per share, a 5,2% discount on Tuesday's closing price of 24,53 euros. The transaction will be settled on Friday 22 June.
Speaking of the shareholding structure of the luxury maison, in addition to the financial Ferragamo (which until yesterday held 57,8% of the capital), the other members of the family hold 10,69%, Majestic Honor Limited holds 5,99 %, while before the operation, the free float was equal to 25,55% of the share capital.
