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Friedkin’s ownership stake in Roma nears 89%

John Solano
I

Roma president Dan Friedkin’s quest to own a full 100% stake of the club is continuing right on schedule.

Last week, Roma’s president announced the launch of a public purchase offer (worth 0.43 euros per share) aimed at acquiring the remaining 13.2% stake owned by minority shareholders. The endeavor will cost the club’s parent company, Romulus & Remus Investments LLC, a maximum of €35.7 million.

Once achieved, Friedkin intends on delisting the club from the public stock exchange and removing Roma from the Borsa Italiana.

Eight days since the start of the initiative, dubbed “Assist Roma”, the American auto tycoon’s stake has risen to 88.8% after acquiring 12,479,762 shares.

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