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De'Longhi S.p.A. (DLG.MI)

Milan - Milan Delayed price. Currency in EUR

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33.46

+0.66

(+2.01%)

At close: 05:35PM CEST

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Reuters
De' Longhi teams up with La Marzocco to boost coffee machine business
Italian home appliance maker De' Longhi has agreed to buy from its parent company a stake in high-end espresso machine manufacturer La Marzocco as it bets on coffee to pep up growth. Milan-listed De' Longhi will spend $374 million to acquire 41.2% of La Marzocco from De' Longhi Industrial, its parent company, as well as from other minority shareholders, to create a hub with its existing Eversys coffee machine-making operation.