(Finance) – Investindustrial has the offer document filed with the National Commission for Companies and the Stock Exchange (CONSOB) relating to the public purchase offer (Opa) mandatory concerning the ordinary actions of Piovana company listed on Euronext Star Milan and activates in the development and production of automation systems of production processes for storage, transport and treatment of polymers, plastic and food powders.
The offer has ad object Maximums 16,478,541 shares, representative of 30.74% of the share capital, in addition to maximum 416,062 Piovan shares possibly attributed in execution of the incentive plans in place and consequently up to a maximum of 16,894,603 shares, representative of 31.52% of the capital, deduced 34,743,239 shares already ownership of the offerer (equal to 64.82% of the share capital and 2,378,220 own shares (equal to 4.44% of the capital).
The bidder will pay a consideration equal to 14 euros cum dividendo (i.e. inclusive of coupons relating to any distributed dividends) for each action brought in membership.