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BRIEF-CVC Capital agrees to acquire 80 pct stake in Breitling SA
April 28, 2017 / 9:55 AM / 4 months ago

BRIEF-CVC Capital agrees to acquire 80 pct stake in Breitling SA

April 28 (Reuters) - CVC Capital Partners Ltd:

* CVC Fund vi has agreed to acquire an 80 pct stake in Breitling SA

* Financial terms of transaction were not disclosed.

* As part of the transaction, Théodore Schneider will re-invest for a 20 pct shareholding in Breitling.

* Closing of transaction is subject to approval by relevant competition authorities and is expected for June 2017. Further company coverage: (Bengaluru Newsroom)

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