Online fashion retailer Showroomprive launches $46 mln capital increase

SRP Groupe SA

03/12/2018 06:30

PARIS, Dec 3 (Reuters) - French online fashion retailer
Showroomprive  SRPG.PA  launched an issue of new shares to raise
around 40 million euros ($46 million), part of which would help
fund a small-scale acquisition.
    The new shares would be priced at 2.50 euros per share -
marking a discount of around 25 percent to Showroomprive's
closing price of 3.35 euros on Nov. 30.
    Showroomprive, in which French supermarket retailer
Carrefour  CARR.PA  has a stake of around 17 percent, added that
part of the proceeds would be used to fund buying full control
of French online beauty products firm 'Beauteprivee'.
    ($1 = 0.8800 euros)

 (Reporting by Pascale Denis and Sudip Kar-Gupta; editing by
Rashmi Aich)
 ((sudip.kargupta@thomsonreuters.com; +33 1 49 49 53 84;))