Monday 03 October 2022

ITALY – Segafredo coffee’s producer files request for listing

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Massimo Zanetti Beverage Group (MZB Group) has asked Italian market regulator to approve its prospectus for a listing on the Milan bourse.

Actually yesterday the group asked italy’s Supervisory Authority on Financial markets Consob the go-ahead for its global offering Prospectus, the coffee group said in a statement on Wednesday.

The company had planned to list a minority stake late last year but postponed it to this spring due to adverse markets conditions.

MZB Group is a holding company founded and chaired by Massimo Zanetti (in the picture) who actually is the sole owner of the the group.

Last October a mixed ipo was expected, including both a sale of a stake by Mr. Zanetti and of a capital increase of about 150 million euros.

MZB is still expected to list a stake of around 30 percent, two sources close to the matter said.

Banks backing MZB Group on the deal have been confirmed to be the same who were named last August, that are global coordinators Banca Imi and BnpParibas, who will act as joint bookrunners too together with JPMorgan e BB&T. Banca Imi will be in charge of the placement of the public offer while BnpParibas will act as sponsor too.

As for the legal issues, Baker & McKenzie is advising Zanetti Beverage Group while Linklaters is supporting the banks. Finally PWC is in charge of audit.

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