(Alliance News) - Lavazza and IVS Partecipazioni have announced a tender offer for IVS Group Spa at EUR7.15 per share, with the aim of delisting the company.

IVS Group, active in the foodservice sector with a focus on beverage and snack vending machines, closed April 22 at EUR6.44, for a market capitalization of EUR586.8 million. The offer represents a premium of 11 percent to the price on April 19, the last trading day before the announcement, and 19 percent to the weighted arithmetic average of prices over the past six months. In response, the stock rose 11 percent on the stock exchange to EUR7.12.

E-Coffee Solutions, a subsidiary of Luigi Lavazza and Ivs Partecipazioni, both majority shareholders in IVS Group, have signed agreements to launch the takeover bid through Grey, a newly formed company wholly owned by E-Coffee.

The offer aims at the delisting of IVS Group, which could also take place through a merger. The deal includes call and put options that could be exercised starting in 2027, with which the Lavazza Group could gain control of IVS Group.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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