(Alliance News) - Garofalo Health Care Spa has announced that PII4 Sarl, a vehicle controlled by Peninsula Investments II SCA, for which Peninsula Capital Advisors LLP is acting as investment advisor, has successfully concluded the sale of 3.7 million GHC shares, corresponding to 4.1 percent of its share capital, representing Peninsula Investments II's entire stake in Garofalo.

The transaction was finalized at a price of EUR4.40 per share and will be settled by delivery of the securities and payment of the consideration on January 25.

The shares were sold through an accelerated bookbuilding procedure.

Garofalo Health Care on Monday closed in the green by 0.5 percent at EUR4.49 per share.

By Claudia Cavaliere, Alliance News reporter

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