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BRIEF-Gaumont granted option to sell 34 pct stake in Les Cinemas Gaumont Pathe
March 1, 2017 / 12:09 PM / 9 months ago

BRIEF-Gaumont granted option to sell 34 pct stake in Les Cinemas Gaumont Pathe

March 1 (Reuters) - Gaumont SA:

* Planned acquisition by Pathe of Gaumont’s stake in Les Cinemas Gaumont Pathe

* Pathe has granted Gaumont with an option to sell its 34 pct stake in Les Cinémas Gaumont Pathe for a consideration of 380 million euros ($400.2 million)

* Deal to go through after receiving approval of executive board Source text for Eikon: Further company coverage: ($1 = 0.9496 euros) (Gdynia Newsroom)

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