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Delclima switches to Mitsubishi: the stock soars on the Stock Exchange

Mitsubishi has announced that it has finalized the purchase of 74,97% of the shares of the Italian company, valued at a total of 664 million euros – Delclima's share gains over 80% in Piazza Affari.

Delclima switches to Mitsubishi: the stock soars on the Stock Exchange

Fly to Piazza Affari the title of Of the climate, which records increases of more than 80% during the day, with trading volumes well above the average. The announcement of the agreement found by Mitsubishi Electric Corporation to purchase 74,97% of Delclima shares from De 'Longhi.

The price of the shares, which are currently changing hands at 4,38 euros, is thus close to the price of 4,44 euros set for the purchase of the share by Mitsubishi. The Japanese company also announced that, upon completion of the operation, it will promote a public purchase offer on the remaining 25,03% of Delclima's share capital.

The overall rating of the company is 664 million euro and the transaction will be finalized by the end of November.

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