(Alliance News) - Garofalo Health Care Spa announced Monday that PII4 Sarl, a vehicle controlled by Peninsula Investments II SCA, has initiated the sale via accelerated book building of 3.7 million shares in the company, representing 4.1 percent of the company's share capital.

The shares will be offered only to qualified investors, and following the sale, Peninsula Investments II will not hold any shares in GHC.

GHC's stock closed Monday up 0.5 percent at EUR4.49 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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