By  on March 17, 2018

MILAN – The board of the Yoox Net-a-porter Group has approved the voluntary public tender offer of all ordinary shares at 38 euros each by RLG Italia Holding SpA, indirectly controlled by Compagnie Financière Richemont S.A.

Bank of America Merrill Lynch International Limited and Mediobanca – Banca di Credito Finanziario SpA acted as YNAP’s financial advisers. The board considers the share price “fair,” said YNAP, and is tendering 17,339 treasury shares.

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