Baccarat: promise to buy majority of capital.
(CercleFinance.com) - Baccarat has announces an irrevocable purchase pledge from Fortune Fountain Capital (FFC), with affiliates of Starwood Capital Group and L.
Catterton for the acquisition of their 88.8% stake in Baccarat at a price of 222.70 euros per share.
Completion of the block sale will be followed by the filing of a mandatory public offer with the Autorité des Marchés Financiers, at the same price per share, with there being no intention to delist the shares.
The group said that FFC is committed to investing significantly in Baccarat's core business and support the company in its next phase of growth and value creation through an expansion into the neighboring luxury markets.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
Catterton for the acquisition of their 88.8% stake in Baccarat at a price of 222.70 euros per share.
Completion of the block sale will be followed by the filing of a mandatory public offer with the Autorité des Marchés Financiers, at the same price per share, with there being no intention to delist the shares.
The group said that FFC is committed to investing significantly in Baccarat's core business and support the company in its next phase of growth and value creation through an expansion into the neighboring luxury markets.
Copyright (c) 2017 CercleFinance.com. All rights reserved.