Eurazeo will acquire a 45% stake in Italian clothing group Moncler, The Wall Street Journal reports. The French private equity group will pay €418 million to Carlyle Group for the stake.
With the sale, Carlyle’s stake will reduce to 17.8% from 48%, while the holding of Moncler Chairman Remo Ruffini will decline to 32%. Moncler was initially planning to list on Borsa Italiana, the Milan stock exchange, on June 20.
Click here for the story from The Wall Street Journal.
Click here for additional coverage from Financial Times.
