Brief: Piquadro Acquires Lancel International from Richemont
04/06/2018 06:53
June 4 (Reuters) - Piquadro SpA PQ.MI :
* SAYS SIGNS CONTRACT TO ACQUIRE LANCEL INTERNATIONAL FROM
RICHEMONT AND COMPLETES THE ACQUISITION
* AS PRICE FOR ACQUISITION, RICHEMONT SHALL RECEIVE SHARE OF
PROFITS EARNED BY LANCEL GROUP IN TEN YEARS FOLLOWING THE
CLOSING, MAX EURO 35 MILLION
Source text for Eikon: ID:nBIA6bskhp
Further company coverage: PQ.MI CFR.S
(Gdynia Newsroom)
((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920 ;))