MILAN — Cosmetics manufacturing giant Intercos has sold off a 40 percent stake to Equinox Investment, an independent investment company based in Luxembourg.

Intercos chairman Dario Ferrari said the sale was an important one for Intercos’ growth. “Intercos is my baby. I have had it for 30 years and it’s time for me to let that baby grow,” Ferrari said. “We want to go public in the near future and it’s important for us to grow,” he said, adding that the company aims to make a public offering within the next three to four years.

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