May 10, 2017 / 5:14 AM / 3 months ago

BRIEF-Gruppo Coin raises 166 mln euros via OVS stake placement, transfer to managers

May 10 (Reuters) - Gruppo Coin says:

* placed around 11 percent of OVS at 6.11 euros per share through an accelerated bookbuilding to international institutional investors to raise around 152.8 million euros

* its ownership interest in OVS decreases to around 31.12 percent

* executed transfer of 0.935 percent to OVS CEO and certain other top managers; gross proceeds from the transfer are around 13 million euros

* aggregate gross proceeds from accelerated bookbuilding and transfer to managers amount to around 166 million euros Further company coverage: (Reporting by Milan newsroom)

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