Investindustrial to buy 52% stake in Italy upmarket food chain Eataly

Credit: REUTERS/MAXIM SHEMETOV

MILAN, Sept 21 (Reuters) - Private equity firm Investindustrial will buy a 52% stake in Eataly to speed up the Italian upmarket food chain's global expansion, the two companies said in a joint statement on Wednesday.

The deal envisages a capital increase worth 200 million euros ($198.14 million) as well as a further investment by Investindustrial to purchase shares held by the current shareholders.

($1 = 1.0094 euros)

(Reporting by Federico Maccioni, editing by Cristina Carlevaro)

((Federico.maccioni@thomsonreuters.com; +39 3420768883;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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