This morning Consob approved the document presented by Edizione Srl, the financial holding company of the Benetton family, relating to the voluntary takeover bid on all ordinary shares of the Benetton group. The objective of the Venetian family is to buy back all the shares on the market (25,15%) and start a delisting of the company. Edizione proposed a price of 4,60 euros per Benetton share (dividend included) and the Board of the group Veneto approved the adequacy of the offer last Friday. From today, therefore, the memberships are open and will close on March 30th.
Edizione has already obtained a loan capable of covering the maximum outlay, 211 million euros, by a series of banks led by Banca Imi. Among others, Mediobanca, Unicredit and Monte dei Paschi contributed. Right now the family holding company can count on 74,85% of the Group, between the 67% held directly by Edizione, 7,7% of treasury shares and 0,12% owned by Alessandro Benetton
