February 20, 2018 / 7:35 AM / 3 months ago

BRIEF-Monnari Trade Offers To Buy Gino Rossi's Simple Creative Products

Feb 20 (Reuters) - GINO ROSSI SA

* SAID ON MONDAY THE COMPANY RECEIVED FROM MONNARI TRADE SA AN INITIAL PROPOSAL TO ACQUIRE 100 PERCENT OF STAKE IN SIMPLE CREATIVE PRODUCTS SA

* TOTAL AMOUNT OF THE DEAL BETWEEN 46.0 MILLION ZLOTYS AND 50.5 MILLION ZLOTYS

* GINO ROSSI TO GRANT MONNARI TRADE CONSENT FOR EXCLUSIVE NEGOTIATIONS UNTIL FEB 23

* THE TALKS ARE EXPECTED TO CONCLUDE BY APRIL 30

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Further company coverage: (Gdynia Newsroom)

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