Brief: Fielmann Acquires 80% Of Third-Largest Optical Retail Group In Spain

Fielmann AG

21/12/2020 09:29

Dec 21 (Reuters) - FIELMANN AG  FIEG.DE :
    * ACQUIRES 80 PERCENT OF THIRD-LARGEST OPTICAL RETAIL GROUP
IN
SPAIN
    * IN ÓPTICA DEL PENEDÉS S.L., COMPANY THAT OPERATES OPTICAL
RETAIL
CHAIN ÓPTICA & AUDIOLOGÍA UNIVERSITARIA IN SPAIN
    * ACQUISITION OF SHARES IS BASED ON A VALUATION OF
APPROXIMATELY
EUR 185 MILLION CASH-AND-DEBT-FREE
    * TRANSACTION WILL TAKE EFFECT AS OF DECEMBER 31, 2020, AND
IS NOT
SUBJECT TO REGULATORY APPROVAL OR OTHER CLOSING CONDITIONS

Source text for Eikon:  ID:nNDLHdj9c 
Further company coverage:  FIEG.DE 

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