Brief: Kering Finalizes Agreement On Via Monte Napoleone In Milan

Kering SA

01/04/2026 16:47

April 1 (Reuters) - Kering SA PRTP.PA:

FINALIZES AN AGREEMENT ON ITS ICONIC BUILDING VIA MONTE NAPOLEONE IN MILAN

FINALIZES AGREEMENT ON VIA MONTE NAPOLEONE BUILDING IN MILAN

RECEIVED PROCEEDS OF EUR 729  MILLION AT CLOSING, WHILE A REMAINING EUR 432  MILLION WILL BE PAID TO GROUP FIVE YEARS LATE

WHILE A REMAINING EUR 432  MILLION WILL BE PAID TO GROUP FIVE YEARS LATER

KERING IS CONTRIBUTING THIS ASSET TO A NEWLY INCORPORATED JOINT STOCK COMPANY, HELD AT 80% BY AL MIRQAB GROUP AND 20% BY KERING

Source text: ID:nGNEmxW8F

Further company coverage: PRTP.PA

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