Fondo Italiano d’Investimento to acquire a 70% stake in Santangelo Group for $35m.

Synopsis

Fondo Italiano d’Investimento, an investment firm, agreed to acquire a 70% stake in Santangelo Group, a family-owned bakery based in Umbria, for $35m.

Principals

target

Santangelo Group

bidder

Fondo Italiano D'investimento Sgr

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Market Context