MI.MO.SE offers to buy out Italy's M&C

MILAN, June 7 (Reuters) - Italian real estate company MI.MO.SE SpA offered to buy out investment company Management & Capitali SpA (M&C) (MACA.MI) on Sunday for 0.08 euro a share, or 37.9 million euros ($53.70 million), after a capital reduction.

The offer will be carried out after an extraordinary M&C shareholder assembly on Monday and Tuesday that will vote on a payout of 0.62 euro a share and the capital reduction, MI.MO.SE said in a statement.

The stock closed at 0.675 euro on Friday. The offer is for all of M&C's shares.

MI.MO.SE is based in Turin and is owned by the Segre family. Massimo Segre owns 60 percent and is an M&C board member.

MI.MO.SE has the same street address as M&C, according to the statement.

(Reporting by Ian Simpson; Editing Bernard Orr)

($1=.7058 Euro)