Brief: Fielmann AG: Enters U.S Market, Acquires Svs Vision And Befitting

Fielmann AG

07/06/2023 14:56

June 7 (Reuters) - Fielmann Ag  FIEG.DE :
    * OPTICAL RETAILER FIELMANN GROUP ENTERS US MARKET, ACQUIRES
SVS
VISION AND BEFITTING
    * SIGNED A DEFINITIVE AGREEMENT TO ACQUIRE 100% OF SHARES IN
SVS
VISION HOLDING COMPANY, MT. CLEMENS, MI, USA
    * FROM SELLERS ROBERT G. FARRELL, JR. AND KENNETH J. STANN
    * TRANSACTION IS EXPECTED TO CLOSE BY 31 AUGUST 2023,
SUBJECT TO
CUSTOMARY CLOSING CONDITIONS, INCLUDING RECEIPT OF ANY NECESSARY
REGULATORY APPROVALS
    * ACQUISITION OF SHARES IS BASED ON A VALUATION OF
EQUIVALENT OF
APPROXIMATELY EUR 105 MILLION
    * ACQUISITION OF SHARES IS BASED ON A VALUATION OF
EQUIVALENT OF
APPROXIMATELY EUR 105 MILLION

Source text for Eikon:  ID:nEQ59PR9fa 
Further company coverage:  FIEG.DE 

 (Reporting by Berlin Newsroom)
 ((berlin.newsroom@thomsonreuters.com;))