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MarketScreener Homepage  >  Equities  >  Italian Stock Exchange  >  Spactiv SpA    SPTV   IT0005282907

SPACTIV SPA

(SPTV)
End-of-day quote. End-of-day quote Italian Stock Exchange - 09/13
9.7 EUR   --.--%
09/12SPACTIV : Italy's Elisabetta Franchi fashion label to list in Milan in reverse takeover
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Spactiv : Italy's Elisabetta Franchi fashion label to list in Milan in reverse takeover

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09/12/2019 | 01:33pm EDT
Models present creations by Elisabetta Franchi during the Malta Fashion Awards, the climax of Malta Fashion Week, in Valletta

MILAN (Reuters) - Fashion label Elisabetta Franchi is set to list on the Milan stock exchange following a business combination with shell company Spactiv, in a deal that values the Italian clothing brand at 195 million euros (175.24 million pounds).

Spactiv said in a statement it would invest 77.5 million euros to buy a stake in Betty Blue, the company of fashion designer Elisabetta Franchi, and then incorporate it via a reverse takeover.

The resulting entity will be called Elisabetta Franchi and trade on the alternative investment segment of the Milan bourse.

(Reporting by Valentina Za; Editing by Chris Reese)

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09/12SPACTIV : Italy's Elisabetta Franchi fashion label to list in Milan in reverse t..
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Managers
NameTitle
Paolo De Spirt Vice Chairman & Co-Chief Executive Officer
Gabriele Bavagnoli Co-Chief Executive Officer & Director
Maurizio Borletti Executive Chairman
Giuseppe Rosnati Independent Director
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