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Ariston Holding prepares to land on the Stock Exchange

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In November the desire for IPO rises in Piazza Affari. After the recent landings and companies waiting to go public, a new listing announcement arrives. This is Ariston Holding, a company active on a global scale in sustainable comfort solutions for hot water and space heating, which has communicated its intention to promote an initial public offering and to proceed with the listing of its ordinary shares on Euronext Milan.

The offer is expected to take place in the coming weeks, subject to market conditions and other relevant valuations, with a reserved placement of newly issued shares by the company, for an expected gross total of approximately € 300 million and an offer of existing shares held by the company’s shareholders, Merloni Holding and Amaranta to various institutional investors in various jurisdictions, with the aim of creating a significant free float of the shares upon Admission. There will be no public offering in any jurisdiction. The company’s share capital consists of ordinary shares and multiple voting shares, held by the selling shareholders.

With the net proceeds from the issue of the new offering shares, Ariston intends to support and develop the further growth of the group, invest and accelerate organic growth – such as the digital route to market, technologies and industrial footprint – and to finance future acquisitions of businesses, technologies and intellectual property rights. The admission will also further enhance the company’s profile and brand awareness and aims to enable the group to continue to attract talented individuals in the future.

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The company has appointed Goldman Sachs Bank Europe SE, Intesa Sanpaolo – Imi Corporate & Investment Banking Division, and Mediobanca – Banca di Credito Finanziario as joint global coordinators and joint bookrunners, CC & Soci as Financial Advisor and Bnp PAaeibas, BofA Securities Europe, Citigroup Global Markets Europe and Equita Sim as joint bookrunners.

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