M&A Activity • Nov 16, 2020
M&A Activity
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Mutares signed Heads of Agreement to sell its 80% share in Nexive Group
Mutares signed Heads of Agreement to sell its 80% share in Nexive Group
- Potential sale to Poste Italiane seen as unique opportunity under national COVID-19 measures in Italy
- Potential sale will support distribution of performance dividend
- Nexive is No. 2 in the Italian postal service and parcel market
Munich/Milan, 16 November 2020 â Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has signed a Heads of Agreement for the sale of its 80% share of Nexive Group S.r.l., headquartered in Milan, to Poste Italiane S.p.A.
Please see attached PDF to view the full announcement.
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