PARIS, Dec 16 (Reuters) - Gucci owner Kering and private equity firm Ardian said on Tuesday that they had completed a joint venture agreement for a New York property deal valued at $900 million.
Under the deal concluded earlier this year, Kering is contributing this asset to a newly created joint venture with Ardian. Ardian will hold a 60% stake in this, with Kering retaining 40%.
(Reporting by Dominique Vidalon;Editing by Sudip Kar-Gupta)
Did you find this insightful?
Bad
Just Okay
Amazing