Marazzi Controlling Shareholder To De-list Firm
Milan, Italy, May 14, 2008--The controlling shareholder of the Italian ceramic tile producer Marazzi SpA said he plans to de-list the company, two years after its initial public offer.
Fintiles -- which has Filippo Marazzi, Permira and Private Equity Partners as its shareholders -- is offering 7.15 euro ($11.04) per share for the company, representing a 14 percent premium on Monday's closing price, Filippo Marazzi said in a statement.
The stock was suspended all day Tuesday pending the announcement.
Filippo Marazzi controls 57.03 percent of the company's capital and is advised by Mediobanca SpA.
Marazzi's IPO was in February 2006 with a price of 10.25 euro per share.