Italmobiliare Acquires Stake in Historic Cosmetics Company

MILAN — Italian investment company Italmobiliare has acquired a 20 percent stake of Officina Profumo Farmaceutica di Santa Maria Novella, one of the oldest pharmaceutical laboratories in the world counting more than 400 years of uninterrupted business.

The investment group, owned by the Pesenti family, has secured a minority stake in the historic cosmetics company for 40 million euros, “with the possibility of subsequently increasing its shareholding,” according to a statement released on Thursday.

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