Salcef, Finhold and funds managed by Morgan Stanley sign an agreement

(Alliance News) – Salcef Group Spa announced on Tuesday evening that the shareholders of Finhold Srl – the majority shareholder of Salcef Group – and funds managed by Morgan Stanley Infrastructure Partners have signed a binding sale and purchase agreement for an investment in Salcef Group.

Once the transaction is completed, a mandatory tender offer will be launched with the aim of delisting the shares of Salcef Group Spa from the Euronext STAR market in Milan.

The transaction will value the Salcef group – including dividends – at an equity value of approx. €1.62 billion.

Through this transaction, Finhold and Morgan Stanley Infrastructure Partners intend to accelerate Salcef Group’s growth strategy nationally and internationally, and benefit from the support of partner MSIP in the next phases of Salcef Group’s growth.

Salcef ended Tuesday’s session in the green with 1.6 percent at EUR 22.10 per share.

By Maurizio Carta, Alliance News journalist

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