Corrected: Michele Kang launches takeover bid for Olympique Lyonnais parent company
Tue 15:54
CORRECTED-Michele Kang launches takeover bid for Olympique Lyonnais parent company Corrects transaction price to $30 million from $31 million in the second paragraph
June 23 (Reuters) - Sports businesswoman Michele Kang has launched a takeover offer for Eagle Football Group EEFG.PA through an acquisition vehicle Olympe Bidco, the group said on Tuesday.
Kang, who has been the chair and chief executive officer of the company, will pay $30 million for a roughly 88% stake in EFG, as well as an additional €71 million ($81 million) in financing commitment aimed at debt restructuring.
($1 = 0.8789 euros)
(Reporting by Mateusz Rabiega; Editing by Aidan Lewis and Matt Scuffham)
((Mateusz.Rabiega@thomsonreuters.com; +48 58 769 67 57;))
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