Finance
Italy's Gewiss Buys Controlling Stake in Beghelli
Published by Global Banking & Finance Review®
Posted on December 10, 2024
1 min readLast updated: January 27, 2026
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Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 10, 2024
1 min readLast updated: January 27, 2026
Add as preferred source on GoogleGewiss will acquire a 75.04% stake in Beghelli, offering a 46.8% premium on shares, with plans to delist the company by Q1 2025.
(Reuters) - Italian electronics group Gewiss said on Tuesday it had agreed to buy a controlling stake in Beghelli and will launch a takeover bid on the rest of the lighting and electrics company with the aim of delisting it.
Gewiss will acquire a 75.04% stake from members of the Beghelli family at 0.3375 euros ($0.3559) per share, which includes a 46.8% premium over Monday's share price. The bid will be completed in the first quarter of 2025.
The decision sent Milan-listed Beghelli shares up 42% in early market trade to 0.33 euros.
"Beghelli will become part of Gewiss, as part of a project aimed at ensuring continuity for Beghelli's employees, collaborators and customers," the two companies said in a statement.
The integration of the widely-recognised Beghelli brand will allow Gewiss to increase its market share in the lighting sector and widen its offer of products and services, the statement added.
($1 = 0.9483 euros)
(Reporting by Romolo Tosiani in Gdansk; Editing by Louise Heavens)
The main topic is Gewiss's acquisition of a controlling stake in Beghelli, aiming to delist the company and expand its market presence.
The acquisition allows Gewiss to increase its market share in the lighting sector and integrate Beghelli's brand and offerings.
The acquisition is expected to be completed in the first quarter of 2025.
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