DEPARTMENTS MERGERS & ACQUISITIONS, PRIVATE EQUITY
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PAVIA E ANSALDO IN THE MANDATORY FULL TAKOVER BID ON MITTEL S.P.A.: THE TENDER PERIOD STARTS TODAY

Milan, 17 September 2018 – Pavia e Ansaldo assisted Progetto Co-Val S.p.A., a company owned by the Stocchi family, in the launch of the public takeover bid over the ordinary shares of Mittel, a holding company listed on the Italian Electronic Stock Exchange.

Pavia e Ansaldo assisted the bidder with a team led by Francesco Manara, supported by Paola CarlottiAnna Saraceno and Guglielmo Ferrari.

The bid has become mandatory following the transaction of July by which Seconda Navigazione and Fondazione Cassa di Risparmio di Trento e Rovereto contributed their shares in Mittel to Progetto Co-Val.

The bid is not aimed at a delisting of Mittel’s shares from the Electronic Stock Exchange.

The acceptance period agreed with the Italian Stock Exchange, will begin Monday, 17 September 2018 and will finish on 12 October 2018.

The bidder’s overall maximum payment will be approximately Euro 90 million in the event of a full acceptance of the offer.