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Bialetti Industrie S.p.A. ( (IT:BIA) ) has shared an update.
Octagon BidCo S.p.A., part of the NUO group, has acquired a controlling stake in Bialetti Industrie, owning 78.567% of its share capital. This acquisition has led to a mandatory public purchase offer for the remaining shares, aiming to delist Bialetti from the stock exchange. The offer, priced at Euro 0.467 per share, was completed with Octagon BidCo holding approximately 96.431% of Bialetti’s share capital by the end of the acceptance period.
More about Bialetti Industrie S.p.A.
Bialetti Industrie S.p.A. is a company operating in the consumer goods sector, known for its iconic ‘made in Italy’ products. The company is part of the Bialetti Group and is listed on the Euronext Milan stock exchange.
Average Trading Volume: 386,906
Technical Sentiment Signal: Buy
Current Market Cap: €72.04M
Learn more about BIA stock on TipRanks’ Stock Analysis page.