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Brief: Aeffe Receives Preliminary, Non-Binding Offer From Oxy Capital

May 13 (Reuters) - Aeffe SpA AEF.MI:

SAID ON TUESDAY OXY CAPITAL, ACTING AS LEAD INVESTOR ON BEHALF OF CONSORTIUM STILL BEING STRUCTURED, HAD SUBMITTED OFFER THAT GROUP CONSIDERS CAPABLE OF ENABLING SUCCESSFUL OUTCOME OF RESTRUCTURING PATH

OFFER IS PRELIMINARY AND NON-BINDING IN NATURE, ALL GROUP'S BUSINESS ASSETS WOULD BE TRANSFERRED TO ONE, MORE ENTITIES BELONGING TO BIDDERS' CONSORTIUM

TRANFER WOULD TAKE PLACE IN CONSIDERATION OF ASSUMPTION OF ALL GROUP'S LIABILITIES RESTRUCTURED THROUGH USE OF CRISIS RESOLUTION INSTRUMENT

BINDING OFFER EXPECTED IN FIRST PART OF JUNE, RESTRUCTURING PROPOSAL MAY BE SUBMITTED WITH AIM OF OBTAINING COURT APPROVAL BY OCTOBER, ALLOWING TRANSFER TRANSACTION TO BE CONCLUDED BY 2026-END

 Further company coverage: AEF.MI

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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