Elisabetta Franchi, the merger by incorporation has been stopped

Elisabetta Franchi, the merger by incorporation has been stopped

The merger by incorporation between Spactiv S.p.A. and Betty Blue S.p.A. (Elisabetta Franchi brand), has been stopped. Spactiv announced that the deadline for withdrawal due to its shareholders who have not yet approved Betty Blue’s Business Combination in Spactiv, most likely frightened by the direction taken by the global economic situation . With the Business Combination, the company would have taken the name “Elisabetta Franchi S.p.A.” and would have been initially listed on Borsa Italiana’s AIM Italia, with the aim of subsequently moving to the Mercato Telematico Azionario. Spactiv would have acquired a minority stake in Betty Blue for a range between 63 and 77.5 million euros, The Company resulting from the Business Combination would have been controlled by Elisabetta Franchi with a stake of between 58.3% and 65, 1%.

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