BasicNet SPA (IT:BAN) has released an update.
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BasicNet has entered a strategic partnership with global private equity firm Permira, which will acquire a significant minority stake in K-Way, valuing the brand at 505 million euros. BasicNet will retain a 60% share, while Permira will hold 40%, bringing expertise and resources to bolster K-Way’s position in the premium outerwear market. This move is set to accelerate K-Way’s global expansion and enhance its already robust brand reputation.
For further insights into IT:BAN stock, check out TipRanks’ Stock Analysis page.
