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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Safilo Group SpA | BIT:SFL | Italy | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.036 | -2.95% | 1.184 | 1.176 | 1.216 | 1.224 | 1.192 | 1.22 | 511,843 | 02:01:16 |
From May 2019 to May 2024
Dutch investor HAL Holding NV (HAL.AE) said Monday it will move forward with its offer for the world's second-largest eyewear maker, Safilo Group SpA (SFL.MI), and has accepted 51% of Safilo bonds.
HAL said its offer had been accepted by the representatives of investors holding 50.99% of the firm's bonds. The Dutch investor had decided to waive the 60% condition, since 50.1% is all it needs to change the debt covenants attached to Safilo's bonds.
HAL's tender is conditional on the Dutch fund's acquisition of a majority stake in the company and on a capital increase.
The acquisition of HAL's equity interest in Safilo, which will range from 37.23% to 49.99%, is expected to be closed in the first quarter of 2010, HAL said.
Safilo's main creditors are Italy's two biggest banks, Intesa Sanpaolo SpA (ISP.MI) and UniCredit SpA (UCG.MI).
Company Web site: www.safilo.com
-By Chiara Vasarri and Sabrina Cohen, Dow Jones Newswires; 39 02 58 21 9904; chiara.vasarri@dowjones.com
1 Year Safilo Chart |
1 Month Safilo Chart |
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