White & Case Advises De'Longhi Soparfi S.A. on Block Trade | White & Case LLP International Law Firm, Global Law Practice
White & Case Advises De'Longhi Soparfi S.A. on Block Trade

White & Case Advises De'Longhi Soparfi S.A. on Block Trade

Global law firm White & Case LLP has advised De'Longhi Soparfi S.A., the controlling shareholder of De'Longhi S.p.A., the leading Italian-listed company in the household goods sector, in a block trade done through an accelerated book building. The transaction is valued at about €114 million for approximately 8% of De'Longhi's ordinary shares (11,960,000 shares) sold to institutional investors. The deal was arranged by Bank of America Merrill Lynch.

The White & Case team was led by partners Michael Immordino (Milan and London) and Ferigo Foscari (Milan). They were supported by associates Alessandro Seganfreddo (Milan) and Joshua Van der Ploeg (London).

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