(Finance) – Tamburi Investment Partners (Tip), an independent and diversified industrial group listed on Euronext Star Milan, has communicated that his own investee Asset italy 1 (of which – through Asset Italia – Tip indirectly holds 36.196% of the capital) has exercised the pre -emption for purchase of the entire share held in AlpsHolding by the company since 1802 Education Culture Health Environment Technology and has ensured the financial means to exert the pre -emption for the purchase of all the actions held in Alpitour from from 1802 and parabensation.
The participations offered in Pre -emption to asset 1 and Alpiholding overall represent the 36.027% of the capital of Alpitour net of his own actions. Consequently, asset 1 will take place in Alpitour a participation of 94.61% of the capital (in the case of exercises of co-needed rights and/or sales options, up to 95.328%).
The administrative bodies of asset Italy and asset 1 evaluated the exercise of pre -emption rights “particularly interesting for the buyer”, also taking into account: of the excellent budget approved by the Alpitour board of directors on January 29, with revenues of around 2.1 billion of euros, growing of about 7% compared to the previous year and a Ebitda of about 138 million of euros; of the huge assets of Alpitour, estimated at over 900 million in the face of a net financial position at 31 October 2024 of approximately 212 million; of the now substantial structurality of the level of profitability achieved by Alpitour and of the very promising economic and financial perspectives for the current year (currently at +15%/20% in the various segments of activity) and for the years to come.
In this context, Tip has positively evaluated its adhesion to this further investment in ALTITOR by asset Italy (through asset 1) and therefore its own Participation in the Add-on procedure that Asset Italia has established to start and its commitment to adhere to the procedure not only for the individual fee due to it, but also for that which was not covered due to the adhesion to the AD-ON by other related members , so as to guarantee as well as Asset Italia, before the exercise of the right of pre -emption on the participations Alpiholding and Alpitour on the side of asset 1 respectively and of Alpiholding, the coverage of the entire financial needs for this further investment.
Tip’s investment needed to sign its share of add-on would amount to about 74.2 million euros, while in the event that no other partner related to Alpitour participated in the additional investment the maximum total investment of Tip would amount to 207 , 2 million euros. There enhancement of 100% of Alpitour, to whom these disbursements refer, is of 565 million euros.