Italmobiliare signs a letter of intent for the entry into Technique

Italmobiliare and the Zanatta family, the controlling shareholder of the Technical Group, have signed a letter of intent aimed at the participation of Pesenti Group holding companies in the Italian company of outdoor footwear and ski equipment.

Wednesday 14 June 2017 4 minutes reading time

As a result of an articulated simplification plan for the shareholding and a rebalancing of the financial position of Tecnica, the operation under consideration provides that Italmobiliare will acquire a qualifying minority stake (approximately 40%) of the capital from the company in the face of a Total financial commitment of around 60 million euros. "With this operation, Italmobiliare affiliates one of the world's leading Italian companies in their industry to ensure, through financial and managerial support, diversification and growth plans. For Italmobiliare - emphasizes Delegate Director Carlo Pesenti - it is an expansion of its portfolio of investments consistent with the Group's industrial know-how and a vision of a financial partner able to develop the best opportunities for business enhancement. " "Finally, we will be able to run our brands," says Alberto Zanatta, President of Tecnica Group. "After optimizing the fundamentals, we have been looking for a partner that is able to enhance the Group's key competences, focusing on innovation and great attention for the final consumer . We are increasingly competing with multinational giants and new members will allow us, through the 'introduction of new capital and stimulus on strategic issues, to compete for world leadership'. The transaction is subordinated, in addition to the free way by the competent Authorities, to the complete renegotiation by Tecnology of current relationships with credit institutions in order to obtain a debt reallocation and remodeling in such a way that the new Conditions allow to implement the revival and development plan already identified by the Group. Tecnica Group is a leader in the world of outdoor footwear and ski equipment, and has some of the industry's leading brands: Technique (ski boots and footwear), Nordica (ski and boots), Moon Boot (footwear) Lowa Trekking), Blizzard (ski) and Rollerblade (online skates). It is present on all major international markets, with a turnover of 338 million euros in 2016, of which more than 90% abroad.

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