Announced
Financials
Sources
Tags
Italy
fashion brand
apparel products
Apparel Retailers
Friendly
Pending
Majority
Single Bidder
Acquisition
Private
Domestic
Private Equity
Synopsis
Moncler, an Italian luxury fashion brand, agreed to acquire the remaining 30% stake in Stone Island, a maker of high-end sportswear, from Temasek, an investment company, for $411m. When the deal closes, the Rivetti shareholders and Temasek will subscribe an amount equal to 50% of the consideration of the deal. The Rivetti shareholders will receive 10.7m shares, while Temasek will receive 4.6m, for a total of 15.3m.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.