Fly Srl has finalized a total voluntary public tender offer on 26.8% of Carraro SpA

Fly Srl has finalized a voluntary public tender offer on a 26.8% stake in Carraro SpA, with the aim of delisting the company.

Fly Srl is owned by the Carraro family and was created for the purpose of tendering Carraro SpA and delisting the company.

Carraro is primarily engaged in the manufacture and marketing of drive systems. It structures its activities into four business units. Through the drivelines unit, the company is active in the production of axles, transmissions and drives for construction equipment and agricultural applications. Through the gear and components unit, it offers gears and components for axles and transmissions. The vehicles unit is engaged in the design, manufacture and marketing of agricultural tractors. The electronics unit provides electronic and power systems, such as motor drives, inverters for solar and wind energy and hybrid traction systems.

Oaklins Italy’s parent company Banca Akros acted as the appointed broker in the collection of shares in this voluntary public tender offer.