Apollo raises the stakes on Italy’s Seci and delivers a 215 mln euros binding offer

Apollo Global Management raises its stakes on SECI, the holding company of the Maccaferri family, in view of the hearing at the Court of Bologna, scheduled for next May 18th, when the judges will have to decide whether or not to accept the arrangement with creditors in continuity which will be filed by the company in a more or less modified version compared to the one filed last February (see here a previous article by BeBeez). According to BeBeez, in fact, Apeiron Management spa, Apollo's exclusive advisor in Italy, has delivered to the SECI board a binding offer worth 215 million euros, an improvement on the 200 million euros non-binding proposal sent a few days before last March 23th, when the hearing was originally set before the Cou