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Tip acquires 16,7% of subsidiary Intercos

The bank of the fourth Italian capitalism has signed an agreement with the Ferrari family thus securing 16,7% of the Dafe 4000 holding, controlled by the Intercos group. The ultimate goal is the listing on the stock exchange in the next 3-4 years

Tip acquires 16,7% of subsidiary Intercos

Tamburi Investment Partners Spa today acquired 16,7% of Dafe 4000, one of the holding companies through which the Ferrari family controls the Intercos group. Thanks to this capital increase, two representatives of Tip will join the board of directors of Dafe 4000 and will be able to enter into shareholder agreements to facilitate a possible listing of Intercos shares on the stock market in the next 3-4 years.

With this operation, Tip adds another world leader to its subsidiaries, which already include seven leading international companies. The Intercos group is one of the most important operators in the development and production of make-up products and in research in the cosmetics industry. It has more than 3 thousand employees and an annual turnover, in 2010, of 245 million euros.

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