(Alliance News) - NB Aurora SA announced Wednesday that it has finalized the sale to The Equity Club, a club deal initiative promoted by Mediobanca together with Roberto Ferraresi and Filippo Penatti, of its entire stake in Club del Sole through the controlled vehicle First Club Srl, with simultaneous reinvestment to support the group's further growth plan.

The total consideration for the sale of the entire stake is approximately EUR109 million, of which approximately EUR70 million relates to the funds managed by Neuberger Berman AIFM Sárl, with approximately EUR35 million attributable to Aurora.

At the same time, Aurora together with other funds managed by Neuberger Berman AIFM and a number of co-investors reinvested in the group an amount of EUR61 million, of which approximately EUR38 million pertains to Aurora, through the subscription, together with TEC, of a major capital increase intended to support the company's further growth.

The Giondi Family, which founded Club del Sole in 1974, will continue to maintain a majority stake and lead the industrial project.

NB Aurora's stock gives up 40 percent to EUR7.89 per share.

By Chiara Bruschi, Alliance News reporter

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