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Gemini BidCo Acquires Majority Stake in Relatech
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Gemini BidCo Acquires Majority Stake in Relatech

Relatech S.p.A. (IT:RLT) has released an update.

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Gemini BidCo S.r.l. has exceeded the 95% threshold in its mandatory tender offer for Relatech S.p.A., now holding approximately 96.17% of the company’s share capital. The Sell-Out period for the remaining shares began on November 11, 2024, allowing shareholders to request purchase at a rate of €2.53 per share. Payment to shareholders will follow shortly after the Sell-Out period concludes on November 29, 2024.

For further insights into IT:RLT stock, check out TipRanks’ Stock Analysis page.

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