(Il Sole 24 Ore Radiocor) - Milano, 11 giu - The Italian high-end design company Flos B&B Italia Group said it has agreed to sell the Danish lighting group Louis Poulsen to Chr. Augustinus Fabrikker Aktieselskab, a Danish foundation-owned investment company.

According to financial sources, the sales price is about 470 million euros.

Flos B&B Italia, which is jointly owned by private equity groups Investindustrial and Carlyle, acquired Louis Poulsen in 2018.

'We are proud of our journey with Louis Poulsen and what we have achieved together. We believe that Chr. Augustinus Fabrikker is the perfect partner for Louis Poulsen, given its deep cultural alignment and long-term vision which will support the brand's continued development and success in the years to come, while preserving its unique heritage," commented Piero Gandini, executive chairman of Flos B&B Italia.

Flos B&B Italia said that proceeds from the sale will be used in compliance with the terms of its existing financial arrangements, including to partially repay outstanding debt.

The transaction is subject to regulatory approvals and other customary closing conditions, is expected to take place in.

the second half of this year.

(RADIOCOR) 11-06-26 12:53:13 (0330) 5 NNNN