Baccarat SA logo

BCRA - Baccarat SA News Story

€153 0.0  0.0%

Last Trade - 29/07/20

Sector
Consumer Cyclicals
Size
Small Cap
Market Cap £114.8m
Enterprise Value £153.6m
Revenue £148.1m
Position in Universe 457th / 852

BRIEF-Fortune Fountain Capital completes acquisition of majority of France's Baccarat

Thu 21st June, 2018 8:14am
June 21 (Reuters) - Baccarat SA  CDBP.PA :
    
    * Completed the acquisition of 88.8% of the share capital of
French luxury goods brand Baccarat from affiliates of Starwood
Capital Group and L Catterton
    * Asian financial group Fortune Fountain Capital (FFC)
acquired the shares from the Starwood Capital and L Catterton
affiliates at a price of €222.7 per share, for around €164m 
    * FFC does not intend to have Baccarat delisted from
Euronext Paris 
    * Latest example of Chinese group buying up French luxury
brand, with Fosun  0656.HK  striking a deal earlier this year to
buy French haute couture label Lanvin



 ((sudip.kargupta@thomsonreuters.com;))
© Stockopedia 2020, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.