FRANCESCO TRAPANI WILL JOIN TAGES HOLDING WITH A 9% STAKE

Tages Holding, the parent company of the Tages Group, has announced that Francesco Trapani, previously CEO of Bvlgari and Chairman of Clessidra, will enter the capital structure of the company through a reserved capital increase with a 9% participation.

He will also sit on the boards of Tages Holding, Credito Fondiario, Tages Capital SGR and Tages Capital LLP. The capital increase is subject to the approval of the Bank of Italy.

With the addition of Mr Trapani, Tages group will benefit from a high profile professional with a unique entrepreneurial experience and private equity skillset.