May 12, 2017 / 3:54 PM / 4 months ago

BRIEF-Conforama buys 17 pct stake in Showroomprive

May 12 (Reuters) - SHOWROOMPRIVE

* CONFORAMA GROUP ACQUIRES STAKE OF 17 PERCENT IN SHOWROOMPRIVE

* TRANSACTION THROUGH OFF-MARKET SALE OF SHARES BY FOUNDERS OF SHOWROOMPRIVE AT UNIT PRICE OF EUR 27 FOR TOTAL AMOUNT OF EUR 157.4 MILLION

* AFTER COMPLETION OF TRANSACTION FOUNDERS OF SHOWROOMPRIVE WILL HOLD 27.2 PERCENT OF SHARE CAPITAL OF SHOWROOMPRIVE

* STEINHOFF SUPPORTS ITS SUBSIDIARY, CONFORAMA GROUP, IN ACQUISITION Further company coverage: (Gdynia Newsroom)

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