Investindustrial, through Special Packaging Solutions Investments, has announced the launch of un voluntary partial takeover bid on Guala Closures, a company listed on the Star which produces aluminum closures for drinks and hi-tech caps and whose shareholders are Marco Giovannini (24,27%) and the funds Peninsula (8,81%), Amber (6,43%) and Alantra (5,91%).
With this operation, the company led by Andrea Bonomi aims to acquire up to about 20% of the voting rights (22,6% of economic rights) of Guala Closures. The offer is 6 euros per ordinary share, a figure which represents a premium of 23,7% compared to the weighted average price of April 15 and of 17,6% compared to the last week. However, if the comparison is made with the weighted average price of the last three months, the offer has a 5,4% discount. The maximum disbursement is 90,99 million and the amount will be financed with own means.
"The offer - underlines Investindustrial in a note - is not aimed at the delisting of the Guala Closures ordinary shares".
“Investindustrial is well balanced between invested capital and liquidity e in the next three years it will invest 5 billion euros and we estimate that at least 2,5 billion will be invested in Italy. In fact, I am convinced that the country will be able to overcome this difficult phase and return to growth and we, like Investindustrial, will do our part", said Andrea Bonomi, managing principal of the Industrial Advisory Board of Investindustrial, after the announcement of the takeover bid on Guala Closures.
“The operation announced today – explained the manager – is aimed at realizing un financial investment in a solid company with high potential for further development, led by an excellent and highly competent management”. “Furthermore, the sector in which Guala operates is well known to us having already invested both in packaging with Saffa and in the wine supply chain with AEB and Chianti Ruffino, but also, as the Bonomi family, in Sella&Mosca”, concluded Bonomi.
In Piazza Affari, after having struggled to make money, scoring with a theoretical increase of 18%, the Guala Closures share gains 21,88% at 5,85 euros, therefore approaching the takeover bid price.
