Brief: Roche Bobois Signs A Share Purchase Agreement In China

Roche Bobois SA

05/07/2024 06:43

July 5 (Reuters) - Roche Bobois SA  RBO.PA :
    * CONFIRMS ITS DIRECT POSITIONING IN CHINA AND SIGNS A SHARE
PURCHASE AGREEMENT TO ACQUIRE A MAJORITY INTEREST IN ITS
HISTORICAL FRANCHISEE
    * WILL ACQUIRE A MAJORITY 51% INTEREST IN SHANGHAI ROCK
CASTLE
FURNITURE
    * GROUP EXPECTS A FULL-YEAR ADDITIONAL CONTRIBUTION OF
AROUND
EUR19M TO CONSOLIDATED REVENUE AND EUR6M AT EBITDA LEVEL
    * SIGNED DEAL ALLOWING GRADUALLY INCREASE STAKE, GIVING
CAPABILITY
TO EVENTUALLY HOLD 100% OF SHANGHAI ROCK CASTLE FURNITURE IN
MEDIUM TERM
    * ACCRETIVE IMPACT ON REVENUE AND MARGINS WILL BE MORE
VISIBLE
FROM FY2025

Source text for Workspace:  ID:nACT86674 
Further company coverage:  RBO.PA 

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