Brief: CDRL Buys 68% Of Lemon Fashion For USD 1.4 Mln

CDRL SA

15/01/2019 07:32

Jan 15 (Reuters) - CDRL S.A.  CDLP.WA :
    * SAID ON MONDAY THAT IT HAS ACQUIRED 68% IN LEMON FASHION
SP. Z
O.O. SP. K. (LEMON FASHION) FOR USD 1.4 MLN
    * HAS ALSO ACQUIRED 72% OF GENERAL PARTNER OF LEMON FASHION
FOR
3,600 ZLOTYS
    * LEMON FASHION HAS BEEN OPERATING SINCE 2014, SELLS KIDS
CLOTHES
LARGELY UNDER OWN BRANDS, LEMON EXPLORE AND PETIT BIJOU
    * LEMON FASHION REPORTED FY 2018 EBITDA AT 2.2 MLN ZLOTYS
    * CO HAS ACQUIRED NEW SHARES IN RAISED SHARE CAPITAL OF SALE
ZABAW
FIKOLKI SP. Z O.O. (SALE ZABAW FIKOLKI)
    * FOLLOWING ITS 6 MLN ZLOTY INVESTMENT, IT HAS INCREASED ITS
STAKE
IN SALE ZABAW FIKOLKI TO 40% FROM 10%
    * HAS ALSO SOLD 15.1% OF BELARUS-BASED DPM SP. Z O.O. TO
SIERGIEJ
MISIACHENKA WHO WILL MANAGE CO'S NETWORK OF STORES SELLING KIDS
CLOTHES IN BELARUS 
    * COMPANY PREVIOUSLY OWNED 90% STAKE IN DPM SP. Z O.O. 
    * SIERGIEJ MISIACHENKA HAS FURTHER RIGHT TO ACQUIRE 19% OF
DPM
OVER 5-YEAR PERIOD

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM3BZjWZa  urn:newsml:reuters.com:*:nEM6YVjQja  urn:newsml:reuters.com:*:nEM4wrqNFa
    
 Further company coverage:  CDLP.WA  
   


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