Moncler has obtained the remaining 30 percent of the discuss capital of Sportswear Business S. p. A. (SPW) that owns the Rock Island brand, for a factor equal to 345 million pounds from Temasek. The company furthermore signed an agreement for the buy of the 70 percent risk held by Rivetex T. r. l. and the Rivetti family of SPW.
The company mentioned in a statement that in the closing date, the Rivetti Shareholders and Temasek will certainly subscribe an amount equal to 50 % of the consideration of the aforementioned sale through the subscription of the share capital increase designed for 402. 5 million pounds and 172. 5 mil euros. The Rivetti Investors and Temasek will obtain newly issued Moncler stocks equal to 5. 601 % of Moncler’s share funds valued at 37. fifty-one euros per share.
The organization added that Rivetti Investors and Temasek will lead all their Moncler newly released shares to Ruffini Partecipazioni, whose 87. 2 % share capital is currently kept by RPH and twelve. 8 percent by Temasek.