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BCRA - Baccarat SA News Story

€153 0.0  0.0%

Last Trade - 29/07/20

Consumer Cyclicals
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

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