MILAN, February 23 (Reuters) – Lavazza has sold more than 5.2 million shares of Keurig Green Mountain (KGM), bringing it to 3% of the free float of the company American active in the coffee sector. And ‘what is said in a statement dell’aziende Turin. The sale, to the same Keurig Green Mountain, follows two other assignments, which took place February 4 (approximately 500,000 shares) and the last 17 to 19 February (about 271 600 shares). In early January Lavazza appeared with a shareholding of KGM 7.8%. “While continuing to believe in the value of investment in KGM, Lavazza is currently involved in major strategic transactions not related to KGM, for which will have signifi cant liquidity needs,” said in a statement. Lavazza has submitted a tender for two coffee brands French, L’Or and Grand Mere, which should be decommissioned as part of the merger of the business of coffee with Mondelēz International Master Blenders 1753. “In today Lavazza has not yet decided whether to proceed further sales of shares of KGM” adds Lavazza, stressing that it will continue to evaluate its investments and the necessary liquidity to fund operations and other pertando reserves “the possibility to perform in the future new sales or purchase of ordinary shares “. In a separate note Keurig Green Mountain announces that the repurchase of shares took place at $ 119.18 per share, equal to 3% over the closing price of February 20, the day before the signing of the agreement with Lavazza. More …
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