Brief: Sonae's MCretail Ends Transaction For Combination Of Druni And Arenal Perfumerias

Sonae SGPS SA

11/07/2024 07:11

July 11 (Reuters) - Sonae SGPS SA  YSO.LS :
    * MCRETAIL, SGPS, SA FINALISES TRANSACTION FOR COMBINATION
OF
DRUNI SA AND ARENAL PERFUMERIAS SLU
    * ARENAL'S FOUNDING SHAREHOLDERS SOLD THEIR 40% STAKE IN CO
TO
DRUNI FOR 81 MILLION EUROS
    * MCRETAIL ACQUIRED 50% STAKE IN DRUNI BY CONTRIBUTING ITS
60%
STAKE IN ARENAL ALONG WITH INVESTMENT OF 148 MILLION EUROS AND
CONDITIONAL AMOUNT OF UP TO 36 MILLION EUROS PAYABLE IN 2025 AND
2026
    * COMBINED ENTITY IS NOW A 50-50 PARTNERSHIP BETWEEN MC AND
DRUNI'S FOUNDING SHAREHOLDERS

Source text for Eikon: https://tinyurl.com/33ptzhc4  urn:newsml:reuters.com:*:nFWN37X1ER
Further company coverage:  YSO.LS 

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