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Best Union Company SpA (BSTU.MI)

BSTU.MI on Milan Stock Exchange

11:37am EDT
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Latest Key Developments (Source: Significant Developments)

Best Union: top shareholders sign investment agreement with Bravo Capital for co's delisting
Thursday, 29 Dec 2016 05:41am EST 

Best Union Company SpA (Best Union) : Said on Wednesday that shareholders Luca Montebugnoli, P4P International Srl, Girefin SpA had signed an investment agreement with Bravo Capital SA with the aim of delisting Best Union Company . Luca Montebugnoli, P4P International, Girefin own 31.3 pct, 29.3 pct, and 14.7 pct stakes in Best Union, respectively . Under the agreement, the shareholders will create a special purpose vehicle (newco), in which the members will transfer their stakes held in Best Union . Bravo Capital will make a payment in cash as capital increase to the newco for up to 8.0 million euros ($8.36 million) . If the transactions in the agreement are finalized, they will result in the launch of a mandatory tender offer by the newco via a bidco at the price of 3.0 euros per share .Luca Montebugnoli will still be the reference shareholder and lead the company.  Full Article

Best Union Company H1 revenue up 8 pct at 28.4 mln euros yoy
Tuesday, 30 Aug 2016 02:44am EDT 

Best Union Company SpA : Said on Monday H1 revenue of 28.4 million euros ($31.72 million) versus 30.9 million euros a year ago .H1 net profit of 1.1 million euros versus 1.2 million euros a year ago.  Full Article

Best Union Company Q1 EBIT up at EUR 1.0 mln
Thursday, 12 May 2016 12:01pm EDT 

Best Union Company Spa : Q1 revenue 14.1 million euros ($16.03 million) versus pro-forma revenue 13.2 million euros a year ago .Q1 EBIT 1.0 million euros versus pro-forma 0.6 million euros year ago.  Full Article

Best Union Company SpA approves merger by incorporation of unit Charta Srl
Sunday, 18 Oct 2015 08:00pm EDT 

Best Union Company SpA:Approves merger by incorporation of its fully owned subsidiary Charta Srl.  Full Article

More From Around the Web

BRIEF-Best Union Company 9-month EBITDA falls to 4.9 mln euros

* 9-month revenue 41.2 million euros ($44.29 million) versus 45.7 million euros a year ago

No consensus analysis data available.