(Alliance News) - Salcef Group Spa announced Tuesday evening that the shareholders of Finhold Srl -- Salcef Group's majority shareholder -- and funds managed by Morgan Stanley Infrastructure Partners have signed a binding sale and purchase agreement aimed at an investment in Salcef Group.

Upon closing of the transaction, a mandatory tender offer aimed at delisting Salcef Group Spa shares from the Euronext STAR Milan market will be launched.

The transaction will value Salcef Group - including the dividend - with an equity value of approximately EUR1.62 billion.

Through the transaction, Finhold and Morgan Stanley Infrastructure Partners intend to accelerate Salcef Group's growth strategy domestically and internationally, benefiting from the support of partner MSIP in the next stages of Salcef Group's growth.

Salcef closed Tuesday's session in the green by 1.6 percent at EUR22.10 per share.

By Maurizio Carta, Alliance News reporter

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