Consob, the Italian market supervisory authority, has approved the Della Valle’s takeover bid for luxury shoe maker Tod’s.
Proposed by the founding family of the Tod’s group, the offer to buy the Italian label has been accepted by Consob.
The Della Valle brothers had stated last month that their holding intends to buy Tod’s shares at 40 euros each, which would value the company at 1.32 billion euros.
BNP Paribas, Crédit Agricole Corporate & Investment Bank and Deutsche Bank served as financial advisors to the Della Valles and BonelliErede as their legal counsel.
The offer document will be published tomorrow.
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Featured photo : © Tod’s
