CVC buys 5,230,039 shares as Recordati stock takeover nears close

Published on 10/23/2026 at 10:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

CVC bought 5,230,039 shares on October 21, 2026, adding 2.50 percent of capital. Recordati stock costs EUR 52.98 on October 23, 2026.

CVC advances its Recordati position

CVC bought 5,230,039 Recordati shares on October 21, 2026.
Recordati reported EUR 1.41 billion in first-half 2026 revenue, up 6.60 percent.
Recordati stock traded at EUR 52.98 at 9:57 a.m. CEST at Lang & Schwarz on October 23, 2026.

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Recordati (ISIN IT0003828271) saw a CVC-linked vehicle buy 5,230,039 shares on October 21, 2026, strengthening the consortium's position in its takeover bid, according to The Globe and Mail. The purchases were made at prices between EUR 52.95 and EUR 53.00, while the offer deadline falls on October 23, 2026.

The takeover price sets the frame

The latest purchase adds to CVC's direct holding and derivative exposure, keeping the EUR 53.00 offer price as the central reference for the transaction. The bid was raised from EUR 51.29 on October 6, 2026, and the maximum payout was reported at EUR 10.52 billion for approximately 198.5 million shares by MarketScreener.

What does the operating base add?

Recordati's first-half 2026 revenue rose 6.60 percent to EUR 1.41 billion, while EBITDA increased 8.80 percent to EUR 540.20 million. Net income reached EUR 269.70 million, up 25.00 percent, and net debt declined to EUR 1.92 billion from EUR 2.04 billion at the end of 2025, according to MarketScreener. These figures give the bid a business-performance context beyond the tender price.

Three takeover milestones

On October 6, 2026, the consortium lifted the offer from EUR 51.29 to EUR 53.00, according to Il Sole 24 ORE. On October 20, CVC agreed to buy 1,372,657 shares for EUR 72.75 million, as reported by The Globe and Mail. On October 21, the vehicle bought 5,230,039 shares, the latest reported step.

Dates that matter next

The tender offer is scheduled to close on October 23, 2026, and provisional results are due on October 26, 2026 at 7:29 a.m., according to Opulion. Recordati's investor page also schedules the first-half 2026 results conference call for July 29, 2026, a historical reporting date.

Stock stays near the offer

Recordati stock was trading at EUR 52.98 at Lang & Schwarz on October 23, 2026 at 9:57 a.m. CEST. The level was EUR 0.02 below the EUR 53.00 offer price, keeping the market quotation close to the takeover consideration.

The further course of trading is shown by the continuously updated real-time quote of Recordati stock.