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Orsero SpA (ORSO.MI)

ORSO.MI on Milan Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Orsero: FIF Exercises Call Option to buy Orsero's Stake In Acorsa
Friday, 15 Dec 2017 02:11am EST 

Dec 15 (Reuters) - ORSERO SPA ::SAID ON THURSDAY FIF HOLDING HAS EXERCISED THE OPTION TO BUY 50 PCT OF DESAROLLO BANANERO ACORSA OWNED BY ORSERO VIA UNIT.FIF HOLDING PAID ORSERO EUR 20.2 MLN FOR THE STAKE.  Full Article

Orsero launches buyback program for up to EUR 2 mln
Tuesday, 17 Oct 2017 02:58am EDT 

Oct 17 (Reuters) - ORSERO ::SAID ON MONDAY LAUNCHED BUYBACK PROGRAM FOR UP TO EUR 2 MLN.THE BUYBACK PROGRAM WILL LAST FOR 18 MONTHS FROM THE AUTHORIZATION DATE, WHICH WAS ON FEB.13.  Full Article

Orsero H1 pro-forma net profit up at EUR 20.0 mln
Tuesday, 26 Sep 2017 12:05pm EDT 

Sept 26 (Reuters) - ORSERO SPA ::H1 REVENUE EUR 355.1‍​ MILLION VERSUS EUR 337.6 MILLION YEAR AGO.H1 NET PROFIT EUR 0.7‍​ MILLION VERSUS EUR 11.4 MILLION YEAR AGO.H1 PROFORMA NET REVENUES EUR 473 MILLION VERSUS EUR 337.6 MILLION YEAR AGO.H1 PROFORMA NET PROFIT EUR 20.0 MILLION VERSUS EUR 11.4 MILLION YEAR AGO.  Full Article

Orsero to buy other 50 pct in its JV Hermanos Fernández López
Thursday, 27 Jul 2017 12:17pm EDT 

July 27 (Reuters) - ORSERO SPA ::SIGNS AGREEMENT WITH GRUPO FERNÁNDEZ TO BUY 50 PERCENT IN HERMANOS FERNÁNDEZ LÓPEZ.WHOLLY OWNED UNIT GF DISTRIBUZIONE ALREADY OWNS REMAINING 50 PERCENT IN HERMANOS FERNÁNDEZ LÓPEZ.PURCHASE VALUE OF 50 PERCENT IN HERMANOS FERNÁNDEZ LÓPEZ IS EUR 19 MILLION.FINALIZES ACQUISITION OF 50 PERCENT STAKES IN JOINT VENTURES FRUTTITAL FIRENZE AND GALANDI.SEES ACQUISITIONS TO BRING INCREASE IN NET REVENUE OF EUR 220 MILLION ON A YEARLY BASIS.ACQUISITIONS WERE FINALIZED WITH VALUATION OF EUR 11.4 MILLION FOR 50 PERCENT IN FRUTTITAL FIRENZE AND EUR 2.9 MILLION FOR 50 PERCENT IN GALANDI.  Full Article

Orsero FY pro-forma net profit up at EUR 18.2 mln
Wednesday, 12 Apr 2017 11:38am EDT 

Orsero Spa : FY pro-forma revenue 685.0 million euros ($726.58 million)versus 617.4 million euros year ago .FY pro-forma net profit 18.2 million euros versus 13.6 million euros year ago.  Full Article

Glenalta Food to merge with GF Group into Orsero, to be listed on AIM Italia
Monday, 31 Oct 2016 06:00am EDT 

Glenalta Food SpA : Said on Friday that the boards of Glenalta Food and GF Group have approved a business combination operation via the incorporation of GF Group in Glenalta Food . GF Group is a company importing fresh fruit and vegetables . The company resulting from the business combination will be named Orsero SpA and will be listed on AIM Italia . Paolo Prudenziati to be chairman of the board with managing duties while Raffaella Orsero will be the CEO together with current GF Group CFO Matteo Colombini . Business combination is subject to the sale by GF Group of non core operations and the redefinition of the agreements with financial institutions . Glenalta Food will acquire financial instruments for 25 million euros from GF Group financial institutions . GF Group was valued at 80 million euros ($87.61 million), which amounts to 55 million euros for the share exchange ratio including the acquisition of 25 million euros in financial instruments . The share exchange ratio was set at 43 newly issued Glenalta Food shares for every 50 GF Group ordinary shares . GF Group shareholders will own about 40 percent stake in Orsero as a result of the merger . The share capital of Orsero on the first day of trading is expected to be between 114 million euros and 138 million euros . GF Group shareholders committed to a 36 month lock up period.  Full Article

Glenalta Food reports H1 net profit at EUR 0.3 mln
Wednesday, 28 Sep 2016 05:10am EDT 

Glenalta Food SpA : Reported on Tuesday H1 net profit 0.3 million euros ($335,580.00) .Net financial position at June 30 is positive for 80.1 million euros.  Full Article

BRIEF-Orsero: FIF Exercises Call Option to buy Orsero's Stake In Acorsa

* SAID ON THURSDAY FIF HOLDING HAS EXERCISED THE OPTION TO BUY 50 PCT OF DESAROLLO BANANERO ACORSA OWNED BY ORSERO VIA UNIT