AI Terminal
Marzocchi Pompe
Major Shareholding Notification • Dec 15, 2020
4444_rns_2020-12-15_2a6a8c0b-7136-418f-b6c3-c3b8c8d226b4.pdf
Major Shareholding Notification
Open in ViewerOpens in native device viewer
PRESS RELEASE
MARZOCCHI POMPE S.P.A. INFORMS THAT CROSAR CAPITAL S.P.A. HAS INCREASED ITS SHAREHOLDING TO 6.7%
Bologna, 15th December 2020 – Marzocchi Pompe S.p.A. (AIM:MARP), a leading company in the design, production and marketing of high performance gear pumps and motors, listed on the AIM Italy Market operated by the Italian Stock Exchange, announces that Crosar Capital S.p.A. - a strategic consulting company founded by Alessandro Volta and Franco Rossi - has purchased 8,500 shares on the market, thus increasing its stake in Marzocchi Pompe S.p.A. to 6.73% and strengthening its role as the second largest shareholder after the Marzocchi family.
The purchase transaction has already been disclosed in accordance with Internal Dealing regulations.
Alessandro Volta, Founding Partner of Crosar Capital commented: "I know Marzocchi Pompe very well, a company where I started my professional career as a manager before turning to consulting. As Financial Advisor, Crosar Capital first conceived the leveraged buy-out with which, together with the front-line Management, it entered the share capital of Marzocchi Pompe, then supported the Company in the IPO process and thereafter in the communication to the financial community.
With this operation of strengthening its investment in Marzocchi Pompe, Crosar Capital reaffirms its confidence in the growth prospects of the Company, considering the current pandemic period a particularly fluctuating phase for the Italian stock market, which has severely penalized the valuation of a company with solid fundamentals such as Marzocchi Pompe, as also confirmed by the recent analyst reports on the stock".
Marzocchi Pompe S.p.A.
Marzocchi Pompe is a leading designer, manufacturer and marketer of high performance gear pumps and motors, which find application in various fields: industrial, mobile and automotive. It closed 2019 with approximately €40 million in sales revenue. Founded in 1949, it is controlled by the Marzocchi family, which holds the majority of the shares and is present in the company with Paolo Marzocchi, President, and his son Carlo, in the Technical Area. The CEO Gabriele Bonfiglioli and four other managers are also part of the shareholding structure. The production is entirely made in Italy in the two sites of Casalecchio di Reno (BO) and Zola Predosa (BO). Marzocchi Pompe is present in over 50 countries through an international distribution network.
***
EnVent Capital Markets – Nominated Adviser CDR Communication - Investor e Media Relations Paolo Verna [email protected] Silvia Di Rosa [email protected] Paola Buratti [email protected] Marzocchi Pompe S.p.A. Martina Zuccherini [email protected]