Brief: Krief Group to acquire Financiere Marjos

Financiere Marjos SA

13/07/2017 06:32

July 13 (Reuters) - KRIEF GROUP  MLKRI.PA : 
    * SAID ON WEDNESDAY THAT TOGETHER WITH AN INTERNATIONAL 
PARTNER IT HAS SIGNED AN AGREEMENT WITH FASHION HOLDING TO 
ACQUIRE A 65.1 PCT STAKE IN FINANCIERE MARJOS  FINM.PA  
    * THE ACQUISITION IS TO BE MADE AT PRICE OF 0.10 EURO PER 
SHARE 
    * THE TRANSACTIION WILL BE COMPLETED IN THE COMING DAYS 
    * FINANCIERE MARJOS IS TO SEPARATE THE ROLES OF CHIEF 
EXECUTIVE AND CHAIRMAN 
    * LALOU ELIE HAIOUN HAS BEEN APPOINTED CHAIRMAN OF 
FINANCIERE MARJOS  
    * PATRICK WERNER HAS BEEN APPOINTED CHIEF EXECUTIVE OF 
FINANCIERE MARJOS 
    * KRIEF GROUP WILL FILE A SIMPLIFIED PUBLIC TENDER OFFER AT 
0.10 EURO PER SHARE FOR FINANCIERE MARJOS WITH THE FRENCH 
FINANCIAL MARKET REGULATOR (THE AMF) 
    * KRIEF GROUP INTENDS TO MAINTAIN THE LISTING OF FINANCIERE 
MARJOS SHARES 
    * FINANCIERE MARJOS SHARES ARE SUSPENDED AS OF JULY 12 AND 
WILL RESUME TRADING ON JULY 17 
 
     
 SOURCE TEXT FOR EIKON:  urn:newsml:reuters.com:*:nACT49514 
     
 FURTHER COMPANY COVERAGE:  MLKRI.PA   FINM.PA  
    
 
 
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