Mondadori today announced it had reached a formal agreement with Pozzoni SpA for the sale of its residual 20% stake of Mondadori Printing SpA.
The operation was perfected following the exercise of a call option given to Gruppo Pozzoni with the preliminary contract, stipulated on 19 November 2008, for the sale of 80% of Mondadori Printing SpA, the company that grouped together the activities of the Mondadori Group’s Printing Division.
The exercise price of the call option – based on the agreements outlined in the 2008 contract – is €19,186,000.
As a result of this operation Gruppo Pozzoni will become the sole owner of 100% of the share capital of Mondadori Printing SpA.
The 8-year printing contract, stipulated at the same time as the abovementioned agreement in 2008, will remain fully in place.
Gruppo Pozzoni is now one of the leading players in the european printing market, with 10 operating companies and nine plants (in the provinces of Bergamo, Lecco, Milan, Rome, Trento, Verona and Vicenza).