PRESS RELEASE
Laval, 27 december 2016
The Lactalis Group announces a voluntary tender offer for the remaining outstanding shares of its
subsidiary Parmalat.
The Lactalis Group, which already owns 87.74% of Parmalat, a company listed on the Milan Stock
Exchange, announced its decision to launch a voluntary tender offer for all of the outstanding ordinary
shares of Parmalat at a price of 2.80 euros per share. The offer is aimed at delisting Parmalat.
After more than 5 years as leading shareholder of Parmalat, Lactalis Group intends to provide Parmalat
with a new dynamic, which can be more easily and effectively achieved in the long term without recourse
to the stock market.
The offer is addressed to a total of 227,419,208 ordinary shares, representing 12.26% of the share capital
of Parmalat at the date of this press release.
The offer also includes the ordinary shares that may be issued, as well as those as may be issued in order
to serve the exercise of the “2016-2020 Parmalat S.p.A. Common Share Warrants”.
The offer price of 2.80 euros per share, which has never been reached after 2011, implies a premium
higher than 11% on the average official price over the last month and almost 15% on the last three-month
average.
The offer is made only in Italy as Parmalat is listed on the Milan Stock Exchange.
For additional information on the terms and conditions of the offer, please see the notice published on the
date hereof by Sofil S.a.s according to article 102 of Legislative Decree 58/1998 and article 37 of Consob
Regulation 11971/1999 available on the Parmalat website at www.parmalat.com.
Contact
Michel NALET
Head of Communication and External Relations
+33 (0)2 43 59 41 21
Press Release
Groupe Lactalis 27/12/2016