Brief: Amica raises stake in Sideme to 100 pct
29/03/2017 06:54
March 29 (Reuters) - Amica SA AMCP.WA :
* Said on Tuesday that it has risen its stake in Societe
Industrielle D'Equipement Moderne Sideme (Sideme) to 100 pct
from 39.29 pct
* On March 22 it acquired 21.41 pct of Sideme for 1.6
million euros ($1.73 million) from England-based Crosslee PLC
* On March 28 it bought 39.29 pct of Sideme for 2.2 million
euros from Electrolux France SAS
* Sideme is a distributor of household appliances on the
French market
* The company has also sold 100 shares in Sideme to Amica
Handel i Marketing as according to the French law, each company
has to have at least two shareholders
* Amica owns 100 pct of Amica Handel i Marketing
Source text for Eikon: urn:newsml:reuters.com:*:nEMbzJX21
Further company coverage: AMCP.WA
($1 = 0.9252 euros)
(Gdynia Newsroom)
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