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By
Reuters
Published
Dec 28, 2018
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Founding family launches takeover to delist Casa Damiani jewelry group

By
Reuters
Published
Dec 28, 2018

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.


Instagram: @damianiofficial


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.

© Thomson Reuters 2021 All rights reserved.