After the telephony of Tiscali and the artificial intelligence of Expert System, now Claudio Costamagna, former president of the CDP and even before investment banker of Goldman Sachs, buys gold and jewels. In recent days Costamagna, together with Andrea Morante, former CEO of Pomellato and president of Sergio Rossi, took over control of the Vicenza-based Fope, a historic goldsmith company active in the high-end jewelery sector and listed on the stock exchange in the Aim segment.
To buy 71,2% of Fope within the month of April, Costamagna and Morante will pay out 35 million euros. But they won't stop there: they will later launch the takeover bid on the Vicenza-based company at 9,25 euros per share (on Friday it closed at 9,20 euros per share after a weekly leap of 8,24%) in view of the delisting from Business Square.
Fope, which is in the hands of the Cazzola family, has tripled its stock market value in 3 years, having been listed in November 2016 at a value of 2,9 euros per share.
"We will work together with the CEO of Fope, Diego Nardin, to enhance the excellent results achieved by the Cazzola family in these years" declared Costamagna who, after leaving the presidency of Cassa depositi e prestiti, returned to his passion as a talent scout and investor of small and medium-sized enterprises with high development potential and mostly listed on the Stock Exchange.
“Our goal as new partners – added Costamagna – is to ensure continuity and accelerate growth thanks to financial and business expertise”.
