Panini receives offers; considered too low by owners
Panini, the Italy-based stickers company run by CEO and shareholder Aldo Hugo Sallustro, has received offers from two or three bidders, according to the Italian newspaper La Repubblica Affari e Finanza. But the offers have been deemed too low by owner Waterfall, an Italian financial company controlled by Cordusio Fiduciaria, the unsourced report added.
Panini, which is being assisted by Lincoln International as advisor, posted EUR 536m in revenues in 2017. In 2018, it reported EUR 1bn in revenue boosted by the football World Cup in Russia.