Consob has reopened the investigation into the prospectus of the totalitarian voluntary takeover bid launched by Sofil (Lactalis) on Parmalat shares not yet owned by the French. The investigation will expire on Tuesday 31 January.
We recall that the operation was suspended on 20 January due to the request for additional information.
The French will reduce the applicable threshold for the delisting of Parmalat with the purchase of the residual shares from 90,5 to 90%, as established by law by the TUF. Therefore, the Consob resolution of 13 May 2011 with which it was raised to 90,5% is to be considered superseded. In order to reach the 90% threshold, Sofil will have to purchase a 2,26% share of the capital through the takeover bid. If the number of treasury shares, equal to 0,11% of the share capital, is excluded from the shares involved in the tender offer, the percentage is equal to 2,15%.
