Home breadcru News breadcru Company breadcru Red&Black Lux announces completion of acquisition

Red&Black Lux announces completion of acquisition

30 Jul '07
2 min read

agreements signed on June 1st and June 28th 2007, with PFC S.r.l. and Veninvest S.r.l. and with G.D.D.R. S.r.l. respectively.

Thereafter, R&B will hold a total stake of approximately 60.20% of VFG's share capital. In addition, R&B, having subscribed the bond issued by Tidus and convertible - from December 2007, at the sole discretion of the bondholder - into ordinary VFG shares representing 12.4% of the capital of the same company, may further increase its stake in VFG upon exercise of such right of conversion.

In addition, R&B has launched a voluntary public offer on all VFG ordinary shares, other than the shares it already owns. The public offer started on July 23 and will finish on September 7, 2007.

Valentino Fashion Group

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