By  on June 20, 2018

MILAN – Compagnie Financière Richemont SA on Wednesday confirmed the delisting of Yoox Net-a-porter shares, following the successful takeover bid of the e-tailer first revealed in January. As reported, the procedure was carried out by the dedicated RLG Italia Holding SPA vehicle. The delisting is effective today.

The Swiss luxury group said it had paid more than 59.1 million euros for the remaining 1.6 percent shares that had not accepted the offer in a “force out” and an additional maximum 16,028 YNAP shares.

To continue reading this article...

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus