Brief: Tamburi To Enter Limonta's Share Capital With 25% Stake For Total Investment Of EUR 89 Mln

Tamburi Investment Partners

15/10/2021 13:00

Oct 15 (Reuters) - Tamburi Investment Partners SpA  TIP.MI :
    * SIGNS BINDING DEAL WITH LIMONTA FAMILY FOR ENTRY OF TIP AT
25%
IN LIMONTA PARTLY THROUGH SHARE CAPITAL INCREASE AND PARTLY VIA
PURCHASE OF SHARES
    * THE TOTAL INVESTMENT WILL BE APPROXIMATELY 89 MILLION
EUROS
    * LIMONTA FAMILY AND TIP HAVE ALSO AGREED TO FORESEE LISTING
OF
LIMONTA ON STOCK EXCHANGE IN THE MEDIUM TERM
    * THE EXECUTION OF THE TRANSACTION IS EXPECTED BY THE END OF
2021
    * GIVEN SIZE OF INVESTMENT, TIP RESERVES POSSIBILITY OF
DESIGNATING ASSET ITALIA TO COMPLETE TRANSACTION

Further company coverage:  TIP.MI 

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