Brief: Fielmann To Acquire Companies Of Mfi Group In Spain

Fielmann AG

20/12/2022 10:36

Dec 20 (Reuters) - FIELMANN AG  FIEG.DE :
    * FIELMANN TO ACQUIRE COMPANIES OF MFI GROUP IN SPAIN
    * PURCHASE PRICE FOR ALL SHARES IN COMPANIES IS BASED ON A
CASH
AND DEBT-FREE VALUATION OF APPROXIMATELY EUR 70.8 MILLION
    * FIELMANN GROUP, BASED IN HAMBURG, GERMANY, ANNOUNCED TODAY
THAT
IT IS ACQUIRING A 100% EQUITY OWNERSHIP IN RETAIL, WHOLESALE AND
MANUFACTURING OF MFI GROUP, A LEADING OPTICAL AND ACOUSTIC
PROVIDER IN NORTHERN SPAIN
    * TRANSACTION WILL BE EFFECTIVE AS OF 31 DECEMBER 2022

Source text for Eikon:  ID:nEQND55va 
Further company coverage:  FIEG.DE 
 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))