Esselunga to acquire a 32.5% stake in La Villata from UniCredit for $466m.

Esselunga, an Italian retail store chain, agreed to acquire a 32.5% stake in La Villata, a wholesale distribution of groceries and related products, from UniCredit, an Italian global banking and financial services company, for $466m. The closing of the transaction is expected to occur no later than the end of June, subject to the fulfillment of the conditions that have been agreed upon between the parties, which are in line with those of similar transactions.