Massimo Zanetti Beverage Group, goodbye to the Milan Stock Exchange
Shares withdrawn from the list today, less than six years after listing
Game over. As anticipated (see EFA News article of 29/1/2021) Massimo Zanetti Beverage Group, a leading company in the production of coffee and in the management of an international network of Segafredo-branded coffee shops, completed the delisting within the day, thus giving its farewell to Piazza Affari (Milan Stock Exchange).
Mzb Holding has announced that the regulation of the joint procedure has been made for the exercise of the right to purchase and for the fulfillment of the obligation to purchase the residual shares of Massimo Zanetti Beverage Group, equal to 2.28% of the share capital.
The purchase offer was launched by a vehicle belonging to the Zanetti family on 2 October, offering a consideration originally equal to 5 euros, then increased to 5.5 euros. The price incorporated a premium equal to 41.07% compared to the official price of the shares at the date of the announcement, equal to 3.9 euro; and a premium of 35.3% over the weighted arithmetic average of the official share prices recorded in the previous six months. The listing took place in July 2015 at a price of 11.6 euros per share. Massimo Zanetti shares are being revoked today from listing on Piazza Affari.
EFA News - European Food Agency