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Pignataro launches a takeover bid on Cerved at € 9.5 per share

2021-03-09T09:08:31.992Z


Takeover bid on Cerved by Castor Spa, a vehicle controlled by Andrea Pignataro's Ion Capital Partners Limited, which just a few days ago bought Cedacri, the Italian company specializing in IT outsourcing services for the banking sector. (HANDLE)


(ANSA) - MILAN, MARCH 09 - Takeover bid on Cerved by CastorSpa, a vehicle controlled by Andrea Pignataro's Ion Capital Partners Limited, which just a few days ago bought Cedacri, the Italian company specializing in IT outsourcing services for the banking sector.


    The consideration put on the plate by the consortium - in which the sovereign fund of the government of Singapore, Gic, also participates, with 10% and some institutional investors with 4.25% - amounts to 9.5 euros per share and offers a premium equal to 34.9% compared to the price of March 5th and a premium of 43% compared to the average of the last twelve months.

In agreement with the offeror, Fsi sgr acts as manager of the reserved alternative investment fund "FSI I", by virtue of the commitment to subscribe, for the payment of 150 million euros, a financial instrument that can be redeemed or converted into special category shares of the Bidco Parent, one of the companies that make up Castor's chain of control.


    The takeover bid, which has as its objective the delisting of Cerved, has a maximum value of 1,855 million which Castor intends to face through the use of its own funds, capital contributions and / or shareholder loans.

(HANDLE).


Source: ansa

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