Disclaimer :

The Competition DG makes the information provided by the notifying parties in section 1.2 of Form CO available to the public in order to increase transparency. This information has been prepared by the notifying parties under their sole responsibility, and its content in no way prejudges the view the Commission may take of the planned operation. Nor can the Commission be held responsible for any incorrect or misleading information contained therein.

M.10118 — INVESTINDUSTRIAL/GUALA CLOSURES

SECTION 1.2

Description of the concentration

1.1. The Transaction consists in the proposed acquisition by Special Packaging Solutions Investment S.à.r.l. (“SPSI”), an independently-managed investment subsidiary of Investindustrial, of a shareholding in Guala Closures S.p.A. (“Guala”) representing more than 30% of the voting rights in Guala and the subsequent launch by SPSI of a public tender offer on the entire ordinary share capital of Guala, as a result of which SPSI intends to acquire control over Guala within the meaning of Article 3(1)(b) of the Merger Regulation.

2.2. Guala is a company listed on the STAR segment of the Italian Stock Exchange. Guala is mainly active in the production of non-refillable and aluminium closures for spirits, wine, oil and vinegar, water, and beverages.

3.3. Independently managed subsidiaries of funds managed by companies of Investindustrial focus on investments in medium-sized companies based in Europe, including Italy, Portugal, Spain, and the United Kingdom. Investindustrial’s portfolio focuses on three main investment areas: consumer and leisure; healthcare and services; and industrial manufacturing.

4.4. The Transaction will be realized through a series of transactions and a public bid on Guala’s ordinary shares.

Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel, BELGIË

Tel: +32 229-91111. Fax: +32 229-64301. E-mail: COMP-MERGER-REGISTRY@ec.europa.eu.