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Intercos Agrees to Sell Minority Stake to Singapore's GIC

Contact Author Hannah Fink
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Italy’s Intercos has agreed to sell minority stakes in the sub-holding companies controlling the cosmetics group to Singapore’s sovereign wealth fund, GIC, per Reuters

Related: Intercos Gets €350,000,000 Financing Agreement

Founder and executive chairman Dario Ferrari would retain control of both the holdings and the company after the deal.

The deal is said to strengthen Intercos’ shareholding structure and supports its development plans.

 

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