Immobiliare Grande Distribuzione (IGD) last Friday sold to the investment fund Quantum Strategic Partners Ltd., managed by Soros Fund Management LLC, all the treasury shares held (n. 10.976.592), equal to approximately 3,15% of the share capital social.
At the same time, according to an official note, Unicoop Tirreno sold 6,42 million IGD shares to the same buyer. The participation of Unicoop Tirreno, which remains the second shareholder of the real estate company, thus drops to 13,1% from 14,9%. The Quantum fund has a total of 5% of the share capital, becoming the third largest shareholder of the group. The closing of the two transactions is expected by 5 March. Igd was assisted by Chiomenti Studio Legale as legal advisor.
