Lavazza Family holding has detected an important stake in Ivs Group
Torino 1895 Investimenti becomes the second shareholder of the automatic distribution giant
Ivs Group, the Italian leader and the second player in Europe in the business of automatic and semi-automatic vending machines for the supply of hot and cold drinks and snacks, informs that has received on 30 December 2019 the notification that FinLav S.p.A., holding of Lavazza Family, through its 100% owned subsidiary Torino 1895 Investimenti S.p.A., acquired n. 6,900,000 Ivs Group shares, corresponding to 17.71% of total IVS Group S.A. share capital.
Before, Ivs Group on 24 December 2019 has received the notification that Amber Capital UK LLP and Amber Capital Italia SGR S.p.A. have sold their shares in IVS Group S.A., bringing their holdings below the 5% threshold previously communicated. Amber Capital Italia SGR S.p.A. still holds n. 116,545 IVS Group shares, corresponding to 0.299%, decreased from around 5.35% of the latest notification.
Ivs Group is listed on the Milan stock Exchange. According to the financial newspaper Il Sole 24 Ore, Finlav would have invested over 75 million in this operation, with a significant premium for the shares, valued at around 11 euros, over 26% more than the price of 8.70 euros.
Established in 1895 in Turin, the Italian coffee company has been owned by the Lavazza family for four generations. Among the world’s most important roasters, the Group currently operates in more than 90 countries through subsidiaries and distributors, with 64% of revenues coming from markets outside of Italy and it employs a total of over 4,000 people and €1.87 billion of revenues in 2018.
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