Brief: Italmobiliare Exercises Option To Buy 60% Of Officina Profumo Farmaceutica Di Santa Maria Novella

Italmobiliare SpA

18/08/2020 07:25

Aug 18 (Reuters) - Italmobiliare SpA  ITMI.MI :
    * EXERCISES OPTION TO BUY 60% OF OFFICINA PROFUMO
FARMACEUTICA DI
SANTA MARIA NOVELLA SPA, ON TOP OF 20% STAKE IT ALREADY HOLDS
    * TRANSACTION IS EXPECTED TO BE CLOSED WITHIN MID OF THIS
SEPTEMBER
    * AS A RESULT OF TRANSACTION, ITALMOBILIARE WILL HOLD 80% OF
COMPANY SHARE'S CAPITAL
    * ITALMOBILIARE'S INVESTMENT IN SECOND PHASE OF PROJECT WILL
AMOUNT TO € 120 MILLION AND ENVISAGES POSSIBILITY OF
SUBSEQUENTLY INCREASING ITS SHAREHOLDING

Source text for Eikon:  urn:newsml:reuters.com:*:nBIA2W9tb
Further company coverage:  ITMI.MI 

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