La Doria confirms take-private talks with Investindustrial

The negotiations are based on a EUR 16.50 price per share. Should the transaction go through, Investindustrial would launch a public tender offer for all outstanding shares, at the same price.

La Doria has a market cap of EUR 600m and posted revenues of EUR 423.8m in H1 2021.

The company said that an agreement has been reached between the parties on all the terms and conditions of the transaction. In order to permit the completion of the due diligence and the negotiations, the members of the shareholders' agreement have granted Investindustrial a period of exclusivity until 20 October, at which point binding agreements are expected to be signed.

Founded in 1954, La Doria produces private-label preserved food for big retail and food distribution chains, as an alternative to branded products.

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• Topics
• Buyouts
• Southern Europe
• Consumer
• Investindustrial
• Take Private
• Italy