Prysmian shares fall after Tamburi unit sells 3.73% stake

Tamburi Investment Partners

12/01/2021 08:02

Jan 12 (Reuters) - Shares in Italy's Prysmian  PRY.MI  fell
over 4% in early trade on Tuesday after Tamburi Investment
Partners'  TIP.MI   subsidiary Clubtre sold a 3.73% stake in the
cable maker through an accelerated bookbuilding procedure.
    Tamburi said late on Monday that Clubtre sold the stake at a
price of 29.250 euros per share for a total value of 292.5
million euros ($355.45 million). 
    After the sale, Clubtre still holds a stake of 1.334% in
Prysmian. 
($1 = 0.8229 euros)

 (Reporting by Federico Maccioni; editing by Agnieszka Flak)
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