Tamburi Investment Partners (Tip) confirms in a note that the rumors about the ongoing negotiations for the possible acquisition of 17,84% of Ovs held by the Coin group. News that pushed up the Ovs share also on Friday after the stock market rally that began the day before: it gained more than 7% at the end of the morning to 1,578 euros per share, after already rising by 10% in Thursday's session. The share in which Tip is interested, Gianni Tamburi's company also listed on the Stock Exchange (where it is now losing half a percentage point to just over 6 euros per share), belongs to the funds managed by BC Partners, which is gradually leaving the clothing chain Coin, which currently controls Ovs.
The press release issued by Tip to confirm the rumors also added that the outcome of the negotiations, subject to the approval of the competent decision-making bodies, will be communicated to the market “without delay”.
Tamburi Investment Partners is already a shareholder of Ovs since last December, when the merchant bank had risen with a 3,1% share. Already after that operation, the OVS share, which last year had fallen below the value of one euro per share, he had gained 16% in a single session.
Ovs has returned from a difficult 2018 also in terms of accounts: according to the data for the first nine months of the past year, it closed the financial statements with a pre-tax profit at 51,2 million (-44% year on year), net sales of 1,01 billion (-1,4%) and an ebitda of 104,1 million (-24,5%).
