CENTRALE DEL LATTE DI TORINO & C. S.P.A.: Agreements defined for the sale of the 40% equity interest held in Frascheri S.p.A.
Centrale del Latte di Torino & C. S.pA – a company listed on the STAR division of Borsa Italiana, dealing in the production and sale of fresh milk, milk products and ultra-fresh products – has defined the agreements for the sale of its 40% stake in the share capital of Frascheri S.pA – a company operating in the same sector, with offices and factory in Bardineto, in the province of Savona.
The transaction will be completed by the end of the current FY and will be carried out in part by Frascheri S.p.A.through the purchase of treasury shares and the purchase of the remaining shares by members of the Frascheri family.
In 2012, Frascheri S.p.A. obtained revenue of € 12.5 million, with a net profit of € 144 thousand. It employs 41 people and distributes its products daily both on the small and large-scale retail market, mainly in the provinces of Savona and Imperia.
In the first half of 2013, Centrale del Latte di Torino & C. S.p.A. recorded consolidated net revenue of € 48.7 million, with EBITDA of € 2.8 million.
Contact:
Barabino & Partners
Donata Astengo
Cell. 349.77.25.787
e-mail: d.astengo@barabino.it
The press release is also available on the website www.barabino.it, where it may be downloaded from the “Breaking News” section.
In addition, all the documentation regarding the company (press kit, previous press releases, photographic material, etc.) is available in the section “Online Press Office” of the website.
Turin, 28 oct 2013