The operation

Bf, the acceptance period for Dompè and Arum's takeover bid is from 8 June to 3 July

Green light from Consob. Payment of the consideration, equal to EUR 5 for each share tendered in the offer, will be made on the fifth trading day following the end of the acceptance period and, therefore, on 10 July 2026. The transaction is not aimed at delisting

by L.Ca

L’imprenditore Sergio Dompè

2' min read

Translated by AI
Versione italiana

2' min read

Translated by AI
Versione italiana

Consob's approval of the offer document for the joint takeover bid by Arum and Dompé Holdings for all the ordinary shares of Bf (Bonifiche Ferraresi).
This is what the companies announced in a note, after having obtained Consob approval of the offer document.

The acceptance period for the offer will begin at 8.30 a.m. on 8 June 2026 and will end at 5.30 p.m. on 3 July 2026 and, therefore, will be equal to 20 trading days, unless extended.
Payment of the consideration, equal to EUR 5 for each share tendered in the offer, will be made on the fifth trading day following the end of the acceptance period and, therefore, on 10 July 2026. If the terms are met, the acceptance period will be reopened for five trading days from the first trading day following the payment date, for the sessions of 13 July, 14 July, 15 July, 16 July and 17 July 2026. In the event of a reopening of the terms, the payment of the consideration for the shares tendered in the offer during the period of reopening of the terms will take place on the fifth stock exchange trading day following the closing date of the period of reopening of the terms, i.e. on 24 July 2026 (unless the acceptance period is extended).

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The offer, according to an earlier announcement, concerns a maximum of 133,242,020 shares, 50.878% of the share capital, i.e. the entirety of the shares net of 24.147% of the capital already held by Federico Vecchioni's Arum and 24.975% of the capital already in the hands of Dompé Holdings, controlled by Sergio Dompé. The maximum disbursement is EUR 666.2 million.

the offer does not aim at delisting and the bidders undertake to restore the free float if they come to hold a stake of at least 90 per cent of the capital

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