Blocktrade in a listed Italian Fast Moving Consumer Goods Company

article from 07.06.2023

Wineus successfully executed a blocktrade in the shares of a fast moving consumer goods („FMCG“) company listed at Euronext Milan

Wineus attracted several institutional buyers for a minority stake in a publicly listed company headquarted in Italy. The company serves well known retail chains and specialized grocery stores all over Europe and overseas with wines and alcoholic beverages from all major regions in Italy. Given the limited trading volume and the quantity of shares to be sold, a blocktrade allowed the owner to divest the shares he got as a partial compensation for selling his own company to the entity listed at the Euronext stock exchange in Milan.

During the process, several institutional buyers covering the FMCG sector and/or listed mid-cap companies have been approached by Wineus. As a result of an auction process in compliance with strict EU insider trading rules, there was an oversubscription in the respective shares, allowing our customer to realize a solution to his liking.