Navigazione Montanari's board okays buyout offer

Newswire

MILAN, Aug 19 (Reuters) - The board of Navigazione Montanari has approved an offer by the majority shareholder to buy the 33.54 percent of the Italian shipping company it does not own at 3.10 euros a share. Navigazione Montanari, which ships mainly crude oil and refined petrol products, said in a statement on Tuesday financial adviser UniCredit MIB had judged the offer by G&A Montanari & Co favourably and determined the price was adequate. G&A Montanari & Co aims to ...

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