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    LD   IT0001055521

LA DORIA S.P.A.

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La Doria S p A : Italy's La Doria top investor in talks with Investindustrial to sell

09/27/2021 | 04:22am EDT

MILAN (Reuters) - The majority investor in Italy's La Doria is negotiating with private equity firm Investindustrial to sell its controlling stake in the juice and canned tomato producer at 16.50 euros per share, the food maker said on Monday.

Investindustrial will launch a tender offer on the remaining shares at the same price after reaching the deal with the top investor, the Ferraioli family, which holds a 63% stake in the group.

The deal at a price of 16.50 euros gives the company a value of 512 million euros ($599.76 million), according to Reuters' calculations.

Exclusive talks will go on until Oct. 20, the statement said.

Some members of the family will stay on to manage the company, it added.

Shares closed at 19.44 euros on Friday when they jumped more than 9% after the company said the controlling shareholders were exploring various options regarding their stake.

($1 = 0.8537 euros)

(Reporting by Cristina Carlevaro, editing by Louise Heavens)


© Reuters 2021
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Financials
Sales 2021 807 M 939 M 939 M
Net income 2021 47,0 M 54,7 M 54,7 M
Net Debt 2021 104 M 121 M 121 M
P/E ratio 2021 11,0x
Yield 2021 2,44%
Capitalization 513 M 598 M 597 M
EV / Sales 2021 0,77x
EV / Sales 2022 0,71x
Nbr of Employees 810
Free-Float 30,2%
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Technical analysis trends LA DORIA S.P.A.
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 1
Last Close Price 16,80 €
Average target price 21,70 €
Spread / Average Target 29,2%
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Managers and Directors
Andrea Ferraioli Vice Chairman & Co-Chief Executive Officer
Antonio Ferraioli Chairman & Co-Chief Executive Officer
Elena David Independent Director
Michele Preda Independent Director
Michaela Castelli Independent Director