UK's Frasers to make mandatory offer for Norwegian retailer XXL ASA
18/03/2025 11:12
March 18 (Reuters) - British sportswear and fashion group Frasers FRAS.L said on Tuesday it would make a mandatory offer for the shares of Norwegian sporting goods retailer XXL ASA XXL.OL that it does not already own, after increasing its stake through a rights issue. Frasers now owns a 32.9% stake in XXL after the rights issue and has crossed the one-third threshold to make a mandatory bid for the remaining shares, as per the Norwegian trading rules, the British firm said in a statement. (Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Sonia Cheema) ((abyjose.koilparambil@thomsonreuters.com;))
Recent news on Xxl AS
See all newsBrief: Euronext Oslo Børs Gets Delisting Application From XXL
Brief: XXL ASA Says Company To Apply For Delisting From Euronext Oslo Børs
Brief: Frasers Group Announces Compulsory Acquisition Of Remaining Shares In XXL
Brief: XXL Says Completion Of Frasers Group's Mandatory Offer To Acquire All Of The Issued And Outstanding Shares In Co For NOK 10 Per Share
Norwegian retailer XXL terminates employment agreement of CEO Sobin