According to Reuters, the price of the placement of approximately 3% of the capital of Brembo, a company active in the technology of disc brake systems, launched yesterday evening by the majority shareholder Alberto Bombassei, would have been fixed. The figure is the minimum of the indicative range: 19,6 euros.
On 24 October, the Bombassei family, through its financial company Nuova Fourb srl, had initiated the sale through an accelerated placement procedure (accelerated book building), with Banca Imi as sole bookrunner.
The sale package involves 2 million shares at a price that should have been between 19,6 and 19,9 euros per share, compared to yesterday's stock market closing at 20,30 euros (with a daily drop of 0,20 percent).
Following the operation, the value of which is around 39,2 million euro, the Bombassei family now owns 53,52% of Brembo.
The company's shares are at their highest level in the last 12 months, almost three times the prices at the end of October 2012, when they were around 7,82 euros. In Brembo, in addition to the Bombassei family, there are some funds: William Blair & company llc, with 2,023%, Gamco Investors inc., with 2,34%, and Goodman & company investment counsel ltd. at 2,48%.
