ITALY - Arca Impresa exits Diffusione Italiana Preziosi

Arca Impresa and Meliorbanca have sold their stakes in Diffusione Italiana Preziosi to industrial player Morellato & Sector. The sale value is understood to be EUR 60m and the deal is forecast to close by the end of September. Rothschild assisted the vendor in the auction process. The Belluno-based company was founded in 1973 and manages the jewellery chain Blue Spirit, via stores throughout Italy , Germany , Spain and Portugal .