Connect with us
Finance Digest is a leading online platform for finance and business news, providing insights on banking, finance, technology, investing,trading, insurance, fintech, and more. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

NEWS

Italy’s Lavazza launches bid to take machine vendor IVS private

MILAN (Reuters) -Italian coffee maker Lavazza on Tuesday said it was investing further in the machine vending industry by acquiring a stake in machine vendor IVS for 185 million euros ($197 million) with an eye to eventually gain full control.

Lavazza said it would offer to buy out other investors in IVS at 7.15 euros per share, entailing a premium of 11% compared to the stock’s closing price on Monday.

Shares in IVS failed to start trading at the market open.

The buyout offer, valuing IVS at 647 million euros, follows an agreement Lavazza signed with the majority shareholder in IVS, giving the Turin-based coffee maker the option to acquire full control of IVS from 2027.

If successful the buyout offer will hand Lavazza a 28.36% stake in IVS, adding to the 20.4% Lavazza already owns, and lead to the delisting of IVS.

IVS is currently controlled by IVS Partecipazioni which will retain its 50.75% stake until put and call options are exercised, which can happen only after the approval of IVS’s financial statements for 2026.

The current management of IVS, which is the second largest player in the European Union’s vending machine market with a market share of around 7%, will remain in place.

“The transaction represents a further investment by the Lavazza Group in the vending industry, in line with its strategy based on an omnichannel approach,” the coffee maker said in a statement.($1 = 0.9391 euros)

(Reporting by Elisa Anzolin and Valentina Za, editing by Cristina Carlevaro)

 

Continue Reading

Why pay for news and opinions when you can get them for free?

       Subscribe for free now!


By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Posts