CCC signs conditional deals to acquire 22.81% stake in Modivo for $356 mln

Modivo SA

17/02/2025 06:40

GDANSK, Feb 17 (Reuters) - Polish footwear and fashion
retailer CCC  CCCP.WA  has signed conditional agreements to
acquire a 22.81% stake in Modivo from minority shareholders for
a total price of 1.41 billion zlotys ($355.52 million), CCC said
on Monday.
     The acquisition will be financed through the issuance of
new shares and warrants, it said. The aim of the transaction is
to take over control of Modivo by the CCC group, it said.
($1 = 3.9660 zlotys)

 (Reporting by Julia Kotowska; Editing by Muralikumar
Anantharaman)
 ((Julia.Kotowska@thomsonreuters.com; +48 58 769 67 31;))