M&A Activity • Mar 28, 2023
M&A Activity
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| Informazione Regolamentata n. 0620-35-2023 |
Data/Ora Ricezione 28 Marzo 2023 17:33:41 |
Euronext Star Milan | |
|---|---|---|---|
| Societa' | : | FIERA MILANO | |
| Identificativo Informazione Regolamentata |
: | 174209 | |
| Nome utilizzatore | : | FIERAMILANON01 - Cecere | |
| Tipologia | : | REGEM | |
| Data/Ora Ricezione | : | 28 Marzo 2023 17:33:41 | |
| Data/Ora Inizio Diffusione presunta |
: | 28 Marzo 2023 17:40:09 | |
| Oggetto | : | Closing of the strategic transaction with Fiere di Parma completed |
|
| Testo del comunicato |
Vedi allegato.
Milan, 28 March 2023 - The Board of Directors of Fiera Milano S.p.A. ("Fiera Milano" and/ or the "Company"), leader in Italy and one of the main integrated operators in the world in the exhibition and congress industry, following the press release of March 9, 2023, announces that today it has completed the closing relating to the strategic transaction with Fiere di Parma S.p.A. ("Fiere di Parma") aimed at creating a common European exhibition platform in the agro-food sector (the "Transaction"). The Transaction was completed through the subscription of a capital increase of Fiere di Parma reserved for Fiera Milano, released through the contribution of the Fiera Milano business unit relating to the "Tuttofood" event, the primary event in the agro-food sector organized in Milan in the Rho district, for a value of c. Euros 16.5 million. Following the completion of the Transaction, Fiera Milano holds an 18.5% stake in the share capital of Fiere di Parma.
Fiera Milano is the domestic market leader and one of the main integrated operators worldwide in the exhibition and congress sector. The Group manages the leading exhibition site in Italy and dominates events in numerous manufacturing sectors: fashion, publishing, furniture and furnishings, home and lifestyle, mechanical tooling industry, tourism, professional hospitality, food, plant engineering and energy, construction and art. Specifically, the business of the Group is focused on the management, organisation and hosting of exhibitions and other events through ensuring the availability of equipped exhibition space, project support and related services. Its offer is completed by engineering services, stand-fitting services as well as a multichannel platform that includes web content and congresses. Fiera Milano has been listed in the STAR segment of the Euronext Milan stock market since 2002.
Investor Relations Vincenzo Cecere Tel +39 0249977816 [email protected] Press Office Gabriele De Giorgi, Mario Lisippo Tel +39 3398431544 [email protected]
Image Building Raffaella Casula, Giusi Fusco Tel +39 02 89011300 [email protected]
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