Saturday, 29 December 2018

Founding family launches takeover to delist Casa Damiani jewelry group


The founding family of Italian jewelry group Casa Damiani said on Friday it would launch a takeover to buy the company and delist it from the Milan bourse.



Leading Jewels, the holding company of the Damianis, will buy Casa Damiani’s shares at 0.855 euros apiece, a 5.04 percent premium to the stock’s closing price on Dec. 27.


The holding company, which already controls Casa Damiani, will spend up to 11.8 million euros ($13.52 million) to buy the whole group, the family said in a statement.



The company, which went public in 2007, is active in the jewelry sector through brands such as Damiani, Salvini, Bliss and Calderoni.

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