(Alliance News) - SBE-Varvit Spa announced Thursday that Equita SIM Spa -- also on behalf of UniCredit Bank AG -- has exercised in full the greenshoe option granted by shareholder Vescovini Group Spa.

The 270,000 shares were exercised at EUR8.33 each, for a total value of EUR2.3 million. Thus, the total value of the IPO rises to EUR25 million, with 3.0 million shares placed for the company's listing.

SBE-Varvit's capital is unchanged and remains at EUR3.1 million, divided into 117.0 million shares with no par value.

SBE-Varvit's stock is unchanged at EUR8.38 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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