The recapitalization took place with the so-called “accelerated bookbuild”, reserved for institutional investors
The capital increase, launched yesterday by Juventus, has already been completed. “Successfully”, underlines a note from the Juventus club. The total amount of the operation is equal to 97.8 million. The recapitalization took place through the so-called “accelerated bookbuild”, reserved for institutional investors: based on the demand received, the issue price of the shares following the placement was set at 2.58 euros per share.
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As a result, Juventus will issue almost 38 million shares which will be admitted to trading on Euronext Milan, a regulated market managed by Borsa Italiana. The partners Exor and Tether, who hold – in order – approximately 65.4% and 11.5% of the share capital of Juventus, have been allocated new shares pro rata to their respective stake. The proceeds from the capital increase will be used by the club to implement the 2024-27 strategic plan which aims to break-even in 2026-27. The almost 100 million in equity will therefore be used to strengthen the capital structure, progressively reduce debt, strengthen the brand at an international level and maintain maximum sporting competitiveness.