Italmobiliare sells a stake in Florence Investco to Permica

Italmobiliare sells a stake in Florence Investco to Permica

(Tiper Stock Exchange) – Italmobiliare announces that, today, the signing of a agreement for the sale to Permira of 13.98% of the capital of Florence InvestCoa company that holds a majority stake in the capital of the Florence Group.

Italmobiliare is present in the Florence shareholder base since its establishment of the initiative – born with the aim of aggregating Italian industrial excellence in the sector of luxury subcontracting textile manufacturing – and it is estimated will realize approximately 78 million euro as a result of the salenet of transaction costs and incentive tools for top management.

“Florence is a successful project, to the birth and development of which we are proud to have made an important contribution, creating in a few years an excellence in textile manufacturing with important development prospects that the new shareholder will certainly be able to seize and exploit” he declared Charles PesentiChief Executive Officer of Italmobiliare.

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