MILAN, Oct 12 (Reuters) - A group of shareholders of
Italian medical equipment company Sorin SpA
In a joint statement on Monday, Mittel SpA
If the condition is met, Mittel, Equinox and Hopa will launch a bid on outstanding shares in Sorin through a vehicle company that will be called BH Holding SpA, they said.
The shareholders involved in the agreement currently own about 37.85 percent of Sorin capital.
The bid on the outstanding 62.15 percent of capital will be carried out for a cash consideration of 0.7567 euros per share for an overall outlay of 230.264 million euros, they said.
That amount will be covered by 105 million euros from BH
Holding shareholders with the rest being met by a bank loan
from MPS, UGF Banca, UGF Merchant and Banco Popolare