Mare Group rejects the competing takeover bid for Eles: «We don’t need delisting» | EUROtoday

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No participation of the reference member within the provide on Eles. Indeed, the dispute for management of the corporate continues: the board of Mare, as regards to the entire takeover bid promoted by the corporate and regarding all of the odd and a number of voting shares of Eles has resolved, “to date”, to not settle for the takeover bid promoted by third events (Xenon, ed.) on the shares of Eles.

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Mare Group, which holds 32.38% of the share capital of Eles, reiterates the economic nature of the funding in Eles, aimed on the technological growth and aggressive progress of each corporations in a long-term perspective. In this context, the presence of each corporations on Euronext Growth Milan constitutes a possible worth and that, contemplating the present composition of the shareholder base, the delisting of Eles isn’t among the many targets of its strategic mission.