Milan, February 26, 2018 – Italmobiliare S.p.A. said that, with the completion without opposition of the term required under article 2503 of the Italian Civil Code, the legal deed for the upstream merger of the subsidiary Franco Tosi S.r.l. ("Franco Tosi") into and with Italmobiliare S.p.A. ("Italmobiliare") was stipulated today.
Since the entire capital of Franco Tosi is held by Italmobiliare, the merger has been implemented in accordance with the simplified procedure under article 2505 of the Italian Civil Code (the “Operation” or the “Merger”).
The merger deed stipulated today executes the resolutions of Italmobiliare and Franco Tosi, after the companies’ boards approved the merger proposal and related project on September 26, 2017, and the Board of Directors of Italmobiliare and the shareholders of Franco Tosi approved the Merger on November 6, 2017. Further information is provided in the press releases issued on September 26 and November 6, 2017.
The purpose of the Operation is to simplify the organizational structure of the Italmobiliare group in order to improve administrative and management efficiency. It will make it possible to optimize decision-making processes and improve the use and deployment of the resources and skills in the companies involved in the Merger.
The Operation was approved by the governing bodies of Franco Tosi and Italmobiliare and took as its basis of reference the business and financial situations as at June 30, 2017, of both the acquiring company and the merged company.
As a consequence of the Merger, all the shares representing the share capital of Franco Tosi will be canceled.
The merger deed was filed today at the Milan Companies Register. The Merger will take legal effect from the date of the registration of the merger deed in the Companies Register.
For accounting and tax purposes, the Merger is effective retroactively from January 1, 2018.
http://www.italmobiliare.it/en/deed-sti ... o-tosi-srl
Word gratis lid op Beursig.com
Discussieer met duizenden beleggers en profiteer
van minder advertenties en abonneer op onderwerpen.
STRENGTHENS ITS PORTFOLIO DIVERSIFICATION STRATEGY
WITH ANOTHER SUCCESSFUL BRAND
The holding will invest approximately 140 million euro for a 60% share in the Naplesbased
company, the leading Italian player in compatible capsules and pods.
Milan, March 29, 2018 – Following its recent entry into the Tecnica Group, Italmobiliare
is continuing its strategy to diversify and broaden its equity investment portfolio with an
investment in the coffee sector that makes it the largest shareholder in Caffè Borbone, a
fast-growing brand on the domestic market.
Caffè Borbone is an Italian success story that has seen a local coffee-roasting company
rapidly become one of the top names on the national market and the leading provider of
capsules and pods. This segment of the coffee market – an innovation that has changed
consumer habits – is currently the most dynamic area in coffee sales, with volumes
growing by around 20% in 2017 alone.
Over the last few years, Caffè Borbone has expanded at an annual rate of 40%, reporting
turnover of approximately 94 million euro in 2017. This trend will continue over the
coming years, sustained by a further strengthening of sales in the mass merchandising
sector and in the online channel, where the Borbone brand is already one of the most
Under the agreements, Aromatika s.r.l., the company that owns the Caffè Borbone brand,
will be controlled by a NewCo in which Italmobiliare, for an investment of approximately
140 million euro, will hold 60%, while the company founder Massimo Renda will own
Renda, who will be executive president of the company, will continue to contribute his
expertise and entrepreneurial skills to the development of Caffè Borbone.
Conference Hall, the shareholders of Italmobiliare S.p.A. approved the 2017 directors’ report
and financial statements, and the distribution of a per-share dividend of 0.55 euro (0.5 euro
for 2016). The dividend payment date will be May 9, 2017, and the ex dividend date May 7
(record date May 8).
> Net Asset Value per share, excluding treasury shares in portfolio, 35.4 euro at
March 31, 2018 (36.8 euro at end 2017).
> Overall NAV 1,486.0 million euro (1,545.2 million euro at end 2017) reflecting
the first-quarter downturn of the HeidelbergCement share price (-12%) and the
stock exchange (FTSE Mid Cap index -1.6%).
> Positive Group net financial position of 468.9 million euro (494.8 million euro at
http://www.italmobiliare.it/en/italmobi ... rini-group