LVMH launches mandatory share tender offer in Italy for Bulgari

LVMH Moët Hennessy – Louis Vuitton S.A. has officially commenced a mandatory tender offer for all outstanding ordinary shares in Bulgari S.p.A. that are not currently held by LVMH or its concert parties. This move aims to acquire all remaining shares in the luxury goods company.

The offer is specifically directed at the Italian market, where Bulgari's shares are listed and traded on the Mercato Telematico Azionario, managed by Borsa Italiana S.p.A. The tender covers all ordinary shares, including those potentially arising from the conversion of outstanding bonds and existing stock option plans.

LVMH has stated that the offer is not being made in or from the United States, Australia, Canada, Japan, or other jurisdictions where it would require specific regulatory approvals. The company emphasizes that neither the offer document nor any related materials are intended for distribution within these regions. Recipients of the offer are responsible for complying with any applicable local laws and restrictions.

Further details regarding the terms and conditions of the tender offer are available in the official offer document published on LVMH's website. The group is ensuring adherence to Italian regulations throughout the process.