Brief: Showroomprive Completes Acquisition Of The Bradery

SRP Groupe SA

31/05/2022 17:00

May 31 (Reuters) - SRP Groupe SA  SRPG.PA :
    * SHOWROOMPRIVE COMPLETES ACQUISITION OF THE BRADERY
    * HAS COMPLETED ACQUISITION OF A MAJORITY STAKE (51%) IN THE
BRADERY, WITH OPTION OF ACQUIRING REMAINING 49% BY 2026
    * THE BRADERY WILL CONTINUE TO DEVELOP UNDER ITS OWN BRAND
NAME,
WITH ITS CURRENT MANAGEMENT TEAM
    * TRANSACTION IS EXPECTED TO BE ACCRETIVE BY 2024

Source text for Eikon:  ID:nACT74779 
Further company coverage:  SRPG.PA 

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