A European private-equity firm agreed to buy a controlling stake in Eataly SpA, with the aim of helping the Italian-marketplace chain continue to expand globally.

Investindustrial is taking take a 52% stake in Eataly, the companies said Wednesday. The deal, which The Wall Street Journal reported Tuesday was imminent, involves an investment of around 200 million euros, equivalent to $199 million, as well as the purchase of additional shares.

This post first appeared on wsj.com

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