The Innovation Trust has completed the Accelerated bookbuilding on 6.8 percent of Intercos' capital at 15.20 euros per share.

The company says in a note, adding that the total consideration was 98.8 million euros and that the transaction is scheduled for settlement on June 25.

After the completion of the offer, Innovation will own a 3.2 percent stake in Intercos.

(Sara Rossi, editing Claudia Cristoferi)