Recordati Undertakes Five Percent Share Capital Sale Through Accelerated Bookbuild

Recordati has executed a five percent share capital sale, valued at €600 million, through an accelerated bookbuild process. This significant transaction was advised by the global law firm White & Case. The accelerated bookbuild is a method often used for quickly raising capital in stock markets, and it involves offering significant amounts of shares to market investors, usually within a short window. The involvement of White & Case, a leading legal advisor with a strong track record in capital market transactions, highlights the intricate legal and financial navigation required during such a process. This strategic move by Recordati reflects a dynamic approach to managing its capital structure, potentially aimed at enhancing liquidity, adjusting ownership distributions, or funding new initiatives.