Andrea Bonomi wins the board of directors of Guala Closures. The list presented by Special Packaging Solutions, the vehicle controlled by its Investindustrial fund, obtained 59.2% of the votes at the shareholders’ meeting, electing eight out of nine directors. Leading the list of elected members of Special Packaging Solutions, which is about to launch a takeover bid on the cap multinational, is Gabriele Del Torchio, destined to take over the reins of the company.
The current chairman and chief executive officer, Marco Giovannini, states in the note which gives an account of the results of the meeting, and is the only re-elected member of the list presented by Gcl Holding with the support of the Peninsula fund, which obtained on the 29th, 9% of the votes.
Giovannini’s list, as far as we know, would not have received the votes of Peninsula, with which at the beginning of the year it had signed a shareholders’ agreement in order to “coordinate to pursue the most suitable ways of enhancing the respective shareholdings, without prejudice to the respective strategic and financial objectives “.
An agreement in which more than one had read the will of the two large shareholders of Guala Closures to resist the takeover bid that will shortly be launched by Investindustrial and its allies. It will now be a question of understanding the reasons and repercussions of Peninsula’s failure to converge on Giovannini’s list, which would have instead collected the vote of Assogestioni’s funds and which in any case, even with Peninsula’s votes, would not have been able to surpass that of Investindustrial. .
In the meantime, Special Packaging Solutions Investments, the vehicle deployed for the launch of the offer, informed that Consob has ordered the restart, starting from yesterday, of the terms of the administrative procedure aimed at approving the offer document.