Wednesday 06 December 2023

Lavazza’s family holding acquires 17.7% of vending giant Ivs Group for EUR75 mln

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MILAN – The Lavazza family diversifies its business with the acquisition, through Torino 1895 Investimenti, of 17.7% of Ivs Group for about EUR75 million. It becomes this way the second shareholder of Ivs Group, the Italian market leader and second player in Europe in the business of automatic and semi-automatic vending machines for the supply of hot and cold drinks and snacks.

In a press release issued on December 30th, Ivs Group, announces that it has received on 24 December 2019 the notification that FinLav S.p.A., holding of the Lavazza family, through its 100% owned subsidiary Torino 1895 Investimenti S.p.A., acquired n. 6,900,000 Ivs Group shares, corresponding to 17.71% of total IVS Group S.A. share capital.

This makes Torino 1895 Investimenti S.p.A. the second shareholder of the automatic distribution giant, based in the Grand Duchy of Luxembourg.

The deal was confirmed by Torino 1895 Investimenti S.p.A., that precised in a statement for the Italian financial daily Il Sole 24 Ore, that it had acquired a stake of about 18% in the capital of Ivs Group. “It’s an investment of financial nature in line with the mission of Torino 1895 Investimenti S.p.A.” it was said in the statement.

Previously, Ivs Group on 24 December 2019 had received the notification that Amber Capital UK LLP and Amber Capital Italia SGR S.p.A. had sold their shares in IVS Group S.A., bringing their holdings below the 5% threshold previously communicated. Amber Capital Italia SGR S.p.A. still holds n. 116,545 IVS Group shares, corresponding to 0.299%, decreased from around 5.35% of the latest notification.

Ivs Group is listed on the Milan stock Exchange. According to Il Sole 24 Ore, Finlav would have invested over 75 million in this operation, with a significant premium for the shares, valued at around 11 euros, over 26% more than the price of 8.70 euros.

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