Mundys strengthens position in Getlink; buys further stake of up to 9.5%
(Il Sole 24 Ore Radiocor) - Milano, 31 mar - Motorway and airport concession manager Mundys, which is controlled by the Benetton's family Edizione with Blackstone as its second-largest shareholder, said it was strengthening its strategic position in Channel operator Getlink buying a further stake of up to 9.5%.
Mundys said it will buy 3.5% upfront, bringing its stake in the company to 19.0% and up to 24.9% of its voting rights.
It will buy a further 6.0% conditional on receiving the required regulatory approval, expected by April 2026, giving it potentially 25.0% of the share capital and a maximum of 29.9% of the voting rights.
"Mundys may further increase its stake depending on market conditions and has no intention to take control or to request.
the nomination of additional board members," it said.
(RADIOCOR) 31-03-26 08:40:23 (0179) 5 NNNN