The takeover bid promoted by restarts Circular Bid Co su Sicit at 16,80 euros per share. From today, Monday 19 July, the offer subscription period reopens for five days, until Friday 23 July.
Sicit, a company listed on the Star segment of Piazza Affari, is responsible for transforming residues from the tanning industry into biostimulants for agriculture and retardants for the plaster industry using proprietary technologies.
At the end of the first subscription period, which ended on 9 July, Circular BidCo – which belongs to the private equity company NB Renaissance – came to hold 84,38% of Sicit's capital, to which it added another 3,88 % (equal to 875.288 shares) through market purchases in the last 10 days.
On the eve of the reopening, therefore, Circular BidCo has overall in hand 88,26% of Sicit shares.
“The reopening of the terms – reads a note – was made necessary following the waiver by Circular BidCo of the condition on the threshold, decided after a result deemed satisfactory and functional to the objective of the delisting of Sicit, which starting from Friday 16 July is indirectly controlled with an equal stake by Intesa Holding (the company of Vicenza tanning entrepreneurs, already the largest shareholder and adhering to the tender offer) and by NB Renaissance”.
Intesa Holding will remain the sole industrial shareholder, will express the management and will be able to carry on the development of Sicit with the support of the financial partner NB Renaissance.
