Indel B – company controlled by AMP.FIN of the Berloni family, at the head of a group active in the production of refrigeration systems, such as minibars and parking air conditioning for the automotive, hospitality and leisure time markets (yawing and recreational vehicles) , submitted an application to Borsa Italiana for admission to listing of its ordinary shares on the MTA and requested Consob to approve the related information prospectus.
The transaction provides for a subscription and sale offer intended for qualified investors in Italy and institutional investors abroad with the exclusion of the United States, Canada, Japan and Australia, of Indel B ordinary shares and the admission to listing of the same shares on Mta (the 'Institutional Placement')
The total revenues of the Indel B Group amount to approximately 90 million euros, with an average compound annual growth rate of 15% over the last three years (2014-2016) and ever-increasing and positive net results in the three-year period considered . Net profit in 2016 reached 10,7% of total revenues.
The global offering coordinator and joint bookrunner of the institutional placement is Imi Bank which also plays the role of Sponsor. Banca Akros acts as joint bookrunner of the institutional placement while Emintad Italy acts as financial advisor to the company.
