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BRIEF-Italy's Gruppo Coin nets 183 mln euros selling 12.3 pct of OVS
September 27, 2017 / 6:48 AM / in 22 days

BRIEF-Italy's Gruppo Coin nets 183 mln euros selling 12.3 pct of OVS

Sept 27 (Reuters) - Italy’s Gruppo Coin says:

* Placed 12.3 percent of retailer OVS through an accelerated bookbuilding at 6.53 euros per share

* Reaped 183 million euros from OVS placement

* Stake falls to 17.8 percent from 30.17 percent

* Has agreed not to dispose of any further OVS shares for a period of 90 days after the settlement of the accelerated bookbuilding

* Credit Suisse acted as sole bookrunner, Rothschild and Latham & Watkins acted, respectively, as financial and legal advisers Further company coverage: (Reporting by Milan newsroom)

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