Brief: Tamburi Investment Partners Says Will Acquire 51% Of Investindesign S.P.A., Co That Currently Holds Majority Share Capital Of Italian Design Brands

Tamburi Investment Partners

01/05/2023 22:32

May 1 (Reuters) - Tamburi Investment Partners SpA
 TIP.MI :
    * TAMBURI INVESTMENT PARTNERS- TO ACQUIRE 51% OF
INVESTINDESIGN
S.P.A., CO THAT CURRENTLY HOLDS MAJORITY SHARE CAPITAL OF
ITALIAN DESIGN BRANDS
    * TAMBURI INVESTMENT PARTNERS SPA - EXECUTION OF AGREEMENT
IS
STRICTLY CONDITIONAL ON LISTING OF IDB SHARES ON ITALIAN STOCK
MARKET BY JUNE 30, 2023
    * TAMBURI INVESTMENT PARTNERS -WILL INVEST EURO 72 MILLION
TO
PURCHASE 50.7% OF CAPITAL OF INVESTINDESIGN, ATTRIBUTING TO IDB
EQUITY VALUE OF EURO 220 MILLION
    * TAMBURI INVESTMENT PARTNERS - IDB GROUPS'S ANDREA SASSO,
PRESIDENT & CEO, & GIORGIO GOBBI, MANAGING DIRECTOR, WILL
MAINTAIN THEIR RESPECTIVE POSITIONS

Source text for Eikon:  ID:nINF4m7Dm6 
Further company coverage:  TIP.MI 

 ((Reuters.Briefs@thomsonreuters.com;))