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Italy’s Market Watchdog Approves Bid to Take Tod’s Private

The facade of the Tod's store on Bond Street, London. — Italy's market watch dog approved a bid to take Tod's private. (Shutterstock)

By

Reuters

21 September 2022

Italy’s market watchdog Consob has approved the buyout of luxury shoemaker Tod’s proposed by the group’s founding family, the bidders said on Wednesday.

The Della Valle brothers said last month their holding company would offer to buy Tod’s shares at 40 euros each, valuing the company at 1.32 billion euros ($1.3 billion).

The offer document will be published on Sept. 23, they said.

BNP Paribas, Crédit Agricole Corporate & Investment Bank and Deutsche Bank are acting as financial advisers and BonelliErede is legal consultant for the Della Valles.

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By Francesca Landini; Editing by Jonathan Oatis

Learn more:

Tod’s Family to Launch $344 Million Bid to Privatise Company

The Della Valle brothers said in a statement their holding company would pay €40 for each Tod’s Group share, valuing the company at €1.32 billion.

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Luxury

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Tod's

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