Retail Industry
Industry: Email Alert RSS FeedInvestcorp plans to sell 30% interest in Gucci Group.(Brief Article)
Daily News Record, September, 1995
MILAN -- Investcorp SA, the international investment group with head-quarters in Bahrain, confirmed it plans to sell a minority stake in the Gucci Group NV through a global offering of common shares, as expected.
Investcorp said it plans to float about 30 percent of the Florence-based luxury goods group and seek stock market listings in New York and Italy as well as on London's SEAQ International trading system.
Details of the placement haven't been released and an Investcorp spokeswoman said the publication of the prospectus and the flotation is expected "sometime in the fourth quarter."
Financial sources have placed the total market value of the company at about $494 million (800 billion lire), which would place a 30 percent stake at around...
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