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Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: Sadif Analytics Prime

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Tamburi Investment Partners SpA Finalizes Printemps Transaction

Wednesday, 31 Jul 2013 11:45am EDT 

Tamburi Investment Partners SpA (TIP) announced that on July 31, 2013 were formalized the definitive agreements for the acquisition – by a relevant Qatar private investor – of the holding companies controlling Printemps group, a worldwide operators in the fashion, luxury and cosmetics industry. TIP holds investments in some of this holdings and, as part of the transaction finalized, will fully liquidate its stakes. The transaction will allow TIP to obtain proceeds of approximately EUR 42 million and a capital gain – compared to the book values – of about EUR 33 million.