Brief: TIP Says IPG Holding To Sell 1.8 Mln Shares Of Interpump

Interpump SpA

16/11/2023 17:03

Nov 16 (Reuters) - Interpump Group SpA  ITPG.MI :
    * IPG HOLDING STARTS PROCESS TO SELL 1.8 MILLION SHARES OF
INTERPUMP
    * IPG HOLDING HAS AGREED TO 365-DAY LOCK-UP WITH RESPECT TO
ITS
REMAINING STAKE IN INTERPUMP
    * FOLLOWING TRANSACTION, COMBINED INTEREST IN INTERPUMP BY
IPG
HOLDING, MR. FULVIO MONTIPÒ, LEILA MONTIPÒ E SORELLE S.A.P.A.
WILL BE 24.988%
    * AS PART OF TRANSACTION, TIP INTENDS TO SELL, IPG HOLDING
INTENDS
TO BUY, PART OF SHARE CAPITAL OF IPG HOLDING, THEREBY REDUCING
TIP’S OWNERSHIP IN GRUPPO IPG HOLDING BY APPROXIMATELY 5%

Further company coverage:  ITPG.MI 

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