Once the 80 million capital increase has been sent and a certain solidity has been regained, Ovs puts a hand to the debt with a bond linked to sustainability criteria up to 200 million euros which will be offered from 27 October to institutional and retail investors in Italy.
The clothing store group can thus shop around for other acquisitions after taking over Stefanel and having initiated the relaunch of the Italian knitwear brand.
“We will grow further. Stefanel was a small acquisition but it must be followed. There may be other acquisitions, there are several things we are looking at. Today we are interested to a number of Combipel stores», Said the managing director of Ovs, Stefano Beraldo.
With the sustainability linked bond, which offers a minimum annual yield of 2%, ready to grow by 0.25% if the company does not respect the ESG parameters it has set itself, “we are once again a normal company without high financial leverage” .