July 13, 2017 / 5:32 AM / 2 months ago

BRIEF-Krief Group to acquire Financiere Marjos

July 13 (Reuters) - KRIEF GROUP:

* SAID ON WEDNESDAY THAT TOGETHER WITH AN INTERNATIONAL PARTNER IT HAS SIGNED AN AGREEMENT WITH FASHION HOLDING TO ACQUIRE A 65.1 PCT STAKE IN FINANCIERE MARJOS

* THE ACQUISITION IS TO BE MADE AT PRICE OF 0.10 EURO PER SHARE

* THE TRANSACTIION WILL BE COMPLETED IN THE COMING DAYS

* FINANCIERE MARJOS IS TO SEPARATE THE ROLES OF CHIEF EXECUTIVE AND CHAIRMAN

* LALOU ELIE HAIOUN HAS BEEN APPOINTED CHAIRMAN OF FINANCIERE MARJOS

* PATRICK WERNER HAS BEEN APPOINTED CHIEF EXECUTIVE OF FINANCIERE MARJOS

* KRIEF GROUP WILL FILE A SIMPLIFIED PUBLIC TENDER OFFER AT 0.10 EURO PER SHARE FOR FINANCIERE MARJOS WITH THE FRENCH FINANCIAL MARKET REGULATOR (THE AMF)

* KRIEF GROUP INTENDS TO MAINTAIN THE LISTING OF FINANCIERE MARJOS SHARES

* FINANCIERE MARJOS SHARES ARE SUSPENDED AS OF JULY 12 AND WILL RESUME TRADING ON JULY 17

SOURCE TEXT FOR EIKON:

FURTHER COMPANY COVERAGE: (Gdynia Newsroom)

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