Brief: Italian Design Brands Signs Deal To Buy 51% Of Turri

Dexelance SpA

19/09/2023 16:24

Sept 19 (Reuters) - Italian Design Brands SpA  IDB.MI :
    * SIGNS DEAL TO BUY 51% OF TURRI 2K
    * DEAL IS EXPECTED TO BE EXECUTED BY END OF 2023
    * ANDREA TURRI TO REMAIN CEO OF COMPANY
    * TRANSACTION WILL BE FINANCED THROUGH IDB’S OWN MEANS FOR ABOUT EURO 5
MILLION,
WITH RECOURSE TO FINANCIAL DEBT


Further company coverage:  IDB.MI 

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