Piovan S.p.A.
- Client:Piovan S.p.A.
- Transaction:
Capital Market - Date:March 2025
- Sector:
Industrial
Piovan S.p.A.
- Deal Description:
Piovan S.p.A. (the "Offeror"), a company controlled by Investindustrial VIII SCSp, has launched a mandatory public tender offer aimed at acquiring the entirety of the ordinary shares of Piovan S.p.A. ("Piovan"), with the subsequent delisting of the shares from the Euronext Milan market. Specifically, for each share tendered, the Offeror will pay a consideration of €14.00.
Piovan is a company that develops automated systems for the storage, transport, and processing of polymers, plastic and food powders.
Vitale has assisted the Independent Directors and the Board of Directors of Piovan as an independent financial advisor to prepare a Fairness Opinion regarding the financial adequacy of the consideration proposed by the Offeror.
- Deal Value:
Max. €234 million