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Bialetti Industrie S.p.A. ( (IT:BIA) ) has provided an announcement.
Octagon BidCo S.p.A. has acquired an additional 299,515 ordinary shares of Bialetti Industrie S.p.A., increasing its ownership to approximately 86.148% of the company’s share capital. This acquisition is part of a mandatory public tender offer, with the acceptance period running until July 25, 2025, and highlights Octagon’s strategic move to consolidate its control over Bialetti, potentially impacting the company’s future operations and market positioning.
More about Bialetti Industrie S.p.A.
Bialetti Industrie S.p.A. operates in the consumer goods industry, primarily focusing on the production and distribution of coffee makers and kitchenware. The company is known for its iconic Moka Express coffee pot and has a significant presence in the global market for household products.
Average Trading Volume: 440,137
Technical Sentiment Signal: Buy
Current Market Cap: €72.19M
See more data about BIA stock on TipRanks’ Stock Analysis page.