Brief: Aeffe To Sell 'Moschino' Brand For Perfumes, Cosmetics, To Euroitalia

Aeffe SpA

26/09/2024 16:49

Sept 26 (Reuters) - Aeffe SpA  AEF.MI :
    * SIGNS AGREEMENT TO SELL 'MOSCHINO' BRAND TO EUROITALIA
WITH
REFERENCE TO PERFUMES, MAKEUP
    * DEAL VALUE IS EUR 98 MILLION
    * 39.6 MILLION EUROS PAID TODAY, REMAINING PORTION OF 58.4
MILLION
EUROS TO BE PAID ON NOV 29
    * DEAL TO PROVIDE LIQUIDITY INJECTION TO REDUCE AEFFE'S NET
FINANCIAL POSITION

Further company coverage:  AEF.MI 

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