Rallye: in talks to sell Go Sport
(CercleFinance.com) - Rallye announces that it has entered into exclusive negotiations with Financière Immobilière Bordelaise with a view to selling the entire share capital of Groupe Go Sport for a price of one euro without any representation and warranties given by Rallye.
The completion of this project, which could take place before the end of June this year, is subject to a number of conditions, including the release by the Paris Commercial Court of the non-transferability of Groupe Go Sport shares.
Other conditions include the consultation of employee representative bodies, the approval of the relevant competition authorities, and the agreement of Groupe GO Sport's banks to maintain and modify their current outstanding loans.
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