With respect to articles published two days ago by MF-Milano Finanza and BeBeez (see the previous post of BeBeez), revealing that a sale process has been put forward on the 14.13 pct stake in Megadyne‘s share capital owned by Fondo Italiano d’Investimento with Rotschild as the mandated advisor. Fondo italiano published a note stressing that “the Fund did not start any sale process for its stake in Megadyne’s share capital”, while “Megadyne is valuing, through a mandated advisor, possible alternatives for extraordinary transactions going from merging with other companies in the sector to listing on a Stock Exchange. All of that being decided in agreement with Fondo Italiano as a minority shareholder”
Megadyne is a leading italian group producing belts and pulleys for industrial uses. It closed year 2013 with a growth in revenues and ebitda up from 192.7 millions of consolidated revenues in 2012 and 79.4 millions in ebitda. Fondo Italiano invested a total of 22 millions euro in equity between 2012 and 2013 in the company.