The shares fall below the placement price, which took place at 25 euros per share, for a total of 187,5 million euros.
Mitsubishi has announced that it has completed the purchase of 74,97% of the shares of the Italian company, valued at a total of 664 million euros - Delclima's share gains over 80% in Piazza Affari.
The pension fund managed by the Dutch Apg Asset Management NV has purchased 5% of the Italian group for 150 million euros - De' Longhi shares drop on Piazza Affari.
De' Longhi's first six months of 2014 closed with profit and revenues up respectively by 4,1% and 5,7% - The group shows confidence for the rest of the year.
The company closed 2013 with a net profit of 116,9 million euros - In addition, the shareholders renewed the plan for the purchase and disposal of treasury shares, up to a maximum amount of 28 million shares.
The indication of the broker, which comes in view of the recovery of the internal market, takes into consideration 122 companies (financial companies and utilities excluded) selected according to some filters: the presence in cyclical businesses, the liquidity of the share, the possibility of any M&A, the 'current…
The year that the De' Longhi group, world leader in the coffee market, was a positive year. Growing net profit and increased revenues. The board of directors will propose to the shareholders' meeting a dividend of 0,29 euro per share.
The Ism index of the US manufacturing gives confidence to the European lists, even if the increases are reduced at the end of the day - Milan gains 0,69% - Intesa leads the platoon of banks - Fiat still on the roller coaster - The…
Rises on European stock markets, after a difficult day - Optimism after some macroeconomic data from the USA - Meanwhile, the auction on bonos is going well, but yields and spreads are rising with the Bund for both Italian and Spanish bonds.
The operating margin grew, both in absolute terms and as a percentage of revenues. Net debt stood at 12,1 million, down by 57,9 million over the 12 months.