(Finance) – Effervescent Greenthesiswhich closed the session with a decidedly positive performance of 132.07%.
The start of the day was decidedly good for the stock, which marked a first price at 2.15 Euros, settling above the peaks of 4 April, to continue rising during the session and finishing in a sprint at 2.2, close to the highest value of the session.
The analysis of the stock performed on a weekly basis highlights the bullish trendline of the company active in the management of industrial waste and environmental remediation more pronounced than the performance of the reference index. This expresses the market’s greater attractiveness towards the stock.
What happened on the stock market
What gave life to Greenthesis shares was the news that Planesysa company headed by the Grossi family which holds 85.758% of the capital of the company active in the integrated management of the waste cycle, and PATRIZIA, a company active in investments in the global real estate and infrastructure market through European mid-market strategy infrastructure funds, have stipulated a purchase and sale and investment contract on the basis of which PATRIZIA will purchase an indirect minority stake in Greenthesis.
Following the operation, a mandatory takeover bid (OPA) will be promoted aimed at delisting the company’s shares, based on a Greenthesis valuation (equity value) of approximately 340 million euros.
The details of the operation
The operation envisages that: PATRIZIA purchases from Planesys a stake equal to approximately 28.33% of the share capital of Greenthesis (net of treasury shares) at a price equal to 2.25 euros per share, cum dividend, with simultaneous contribution of the overall shareholdings held in Greenthesis, equal to approximately 88.33% of the share capital (net of treasury shares), in favor of a newly established company (NewCo); NewCo promotes a mandatory takeover bid on the remaining Greenthesis shares with the aim of achieving the revocation of the shares from Euronext Milan.
The tender offer price is equal to 2.30 euros per share (plus interest), cum dividend, and incorporates a premium of 149.7%, 144.9% and 144.1% compared to the arithmetic mean of the share price. action, respectively, of the last month, the last 3 and 6 months.