Brief: Carrefour Announces Strategic Partnership With Showroomprivé

SRP Groupe SA

11/01/2018 17:25

Jan 11 (Reuters) - Showroomprive  SRPG.PA : 
    * CARREFOUR ANNOUNCES A STRATEGIC PARTNERSHIP WITH 
SHOWROOMPRIVÉ 
AND ACQUIRES A C.17% STAKE IN THE COMPANY 
    * CARREFOUR WILL ACQUIRE C. 17% OF SHARE CAPITAL OF 
SHOWROOMPRIVÉ 
FROM CONFORAMA, A SUBSIDIARY OF STEINHOFF GROUP 
    * CARREFOUR'S EQUITY INVESTMENT IN SHOWROOMPRIVÉ WILL BE 
OFF-MARKET ACQUISITION OF BLOCK OF SHARES OWNED BY CONFORAMA 
    * CARREFOUR'S EQUITY INVESTMENT IN SHOWROOMPRIVÉ WILL BE AT 
PRICE 
OF 13.5 EUROS PER SHARE, FOR A TOTAL AMOUNT OF C. 79 MILLION 
EUROS 
    * ADDITIONAL PAYMENT TO BE MADE BY CARREFOUR TO CONFORAMA, 
IF 
CARREFOUR LAUNCHES TAKEOVER BID FOR CO WITHIN 18 MONTHS OF 
TRANSACTION COMPLETION 
 
Source text for Eikon:  ID:nPRHqPvB7a  
Further company coverage:  SRPG.PA  
 
 ((Bangalore.newsroom@thomsonreuters.com;))