Newlat Food’s institutional offering successfully closed
Offering Price fixed at Euro 5.80 per Share
Newlat Food Spa announces the successful closure of the offering period of the Shares under Newlat’s institutional offering aimed at creating the free float and listing the Shares on the Mercato Telematico Azionario organised and managed by Borsa Italiana (London Stock Exchange Group). The total of the 12,700,000 Shares offered in the Institutional Offering (as amended on 21 October 2019) was subscribed for. The 1,270,000 Shares (out of a maximum of 1,850,000 Shares) of the Greenshoe were entirely placed as well. At the end of the Institutional Offering, the price was fixed at Euro 5.80 per Share.
The Newlat Group, based in Reggio Emilia (Emilia Romagna region) is a relevant multinational, multi-brand and multi-channel player in the Italian and European agri-food sector, having a large portfolio of products and brands (Del Verde, Pezzullo, Giglio, Polenghi, Birkel, etc.) well known in Italy and internationally. The Newlat Group holds a consolidated positioning in the Italian and German markets and sale products in more than 60 countries. The Newlat Group is mainly active in the pasta, dairy, bakery and special products sectors, and in particular in the health & wellness, gluten free and baby food sectors.
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