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Moncler's CEO holding places 3.2% stake at 48.80 euros per share

MILAN (Reuters) - Ruffini Partecipazioni, the investment vehicle of Moncler CEO Remo Ruffini, said on Wednesday it had completed the accelerated bookbuilding for the placement of a 3.2% stake at a price of 48.80 euros per share.

Gross proceeds of the placement- which took place yesterday- amount to 400.16 million euros ($475.27 million).

BofA Securities and Morgan Stanley have acted as Joint bookrunners for the placement.

(Reporting by Cristina Carlevaro, editing by Giulia Segreti)