Mare Group Exceeds 95% of La SIA: It Will Be Squeeze-Out

Mare Group has exceeded the 95% threshold of the share capital of La SIA SpA, following the acceptances registered in the public tender offer launched on the market. The squeeze-out procedure will therefore be initiated, in accordance with Article 111 of the TUF and the Euronext Growth Milan regulations.

This step consolidates Mare Group’s strategy of aggregation and industrial growth, which on the same day also announced the successful takeover bid for Eles.

“Two key milestones on the same day. A result that reflects investor confidence and the collaborative efforts of an entire team,” said Antonio Maria Zinno, CEO of Mare Group.

For more information, read the press release.