April 3, 2017 / 12:40 AM / 4 months ago

BRIEF-Global brands says unit to dispose of 51% interest in a subsidiary

April 3 (Reuters) - Global Brands Group Holding Ltd

* Disposal of 51% interest in a subsidiary

* Deal for at a consideration of US$100 million

* Seller agreed to sell sale shares representing 51% of target to ABG

* After completion of transactions, Jimlar corporation will own 49% of equity interest of Abg-Frye Llc and ABG will own 51%

* Group's gain from disposal is expected to be approximately US$90 million

* Jimlar Corporation, unit of Co, as seller to dispose equity interest in Abg-Frye Llc Source text for Eikon: Further company coverage:

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