Dear Sirs and Madams,
we are pleased to inform about the official Closing of sale by IBSA Institut Biochimique SA and Bouty SpA of the brands “Care for You”, “Cerox” and “My Mask”, in favour of Tavola SpA.
From one hand, through the disposal of these brands IBSA Group intends to concentrate all resources towards its pharmaceutical core business, while on the other hand, through their acquisition Tavola SpA aims at strengthening its overall position in the healthcare sector. In addition, the massive experience of Tavola SpA on the large-scale retail market will allow these brands to be further developed and marketed on the Italian market.
IBSA Institut Biochimique SA and Bouty SpA were assisted by Financial Technologies Group which, as Global Advisor, managed the overall transaction, taking care not only of the disposal process and all related negotiation activities, but also of identifying Tavola SpA as the most suitable Counterpart.