Ifil ups stake in Rinascente firm for 116 mln euros

Newswire

MILAN, Jan 16 (Reuters) - Italian holding firm Ifil , owned by the Agnelli family, said on Monday it had paid 116 million euros to raise its stake in a firm controlling the Rinascente department store chain to 50 percent. Ifil, through which the Agnelli family control a third of carmaker Fiat , said in a statement it had bought a 9.53 percent stake in Eurofind, which fully controls Rinascente, from Mediobanca , exercising an earlier agreement. French retailer Auchan is the second major ...

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