Follow Lingeriepedia On Facebook Follow Lingeriepedia On Twitter Follow Lingeriepedia On Pinterest Follow Lingeriepedia On Google Plus Follow Lingeriepedia On Instagram Follow Lingeriepedia On YouTube Follow Lingeriepedia On Tumblr Follow Lingeriepedia On Flicker Follow Lingeriepedia On RSS

Select Country

Lingerie New Collections Lingeries News
Models News Lingerie Stores News
Celebrity News Events News
Lingerie Stores   Lingerie Models
Lingerie encyclopedia   Lingerie Discounts coupons
Lingerie Events   Lingerie Dictionary

Latest Lingerie's Store Offers

La Senza Discount Coupon
La Vie en Rose Discount Coupon
Blackheart Lingerie Discount Coupon
Journelle Discount Coupon
Adore Me Discount Coupon
Bits of Lace Discount Coupon
Spicy Legs Discount Coupon
Boux Avenue Discount Coupon
Now That's Lingerie Discount Coupon
Fredericks Discount Coupon
Leonisa Discount Coupon
Orchard Corset Discount Coupon
3 Wishes Lingerie Discount Coupon
Spicy Lingerie Discount Coupon
Yandy Discount Coupon
Maidenform Discount Coupon
Figleaves Discount Coupon
Lingerie Diva Discount Coupon
Victoria's Secret Discount Coupons
Bare Necessities Discount Coupon
Intimissimi Coupon Codes
 Undies.com Coupon Codes
Bella Bella Boutique Discount Coupon
Smart And Sexy Coupon Codes

Subscribe Us

Get Our Newsletter & Discount Coupons

Shop Lingerie Now

Browse Products By Arrows

Etam’s Takeover Moves On With The French Fashion Company Delisting From Paris Bourse

Etam’s Takeover Moves On With The French Fashion Company Delisting From Paris Bourse

Fashion chain Etam will leave the Paris Stock Exchange this week, following the last steps of a public tender offer made by the retailer’s controlling shareholders, Michior family’s holding company Finora and Tarica and Lindemann families.

Etam will delist from the Paris Bourse on Wednesday August,9, following an almost full takeover conducted by the company’s majority shareholders, announced Monday the French market regulator, Autorité des Marchés Financiers (AMF).

It’s worth recalling that over the past six weeks, Etam's three majority shareholders rose to 99 percent of its capital in a simplified takeover bid to remove the group.

"Consequently, the mandatory withdrawal will take place on August 9, 2017, at the price of 49.30 euros (...) per share," said the AMF in an official release. The regulator added that the listing of Etam would remain suspended until then.

Majority shareholders to take Etam private

The capital of Etam is shared between the Michior family, which became the main shareholder in 2009 via its holding company Finora, the Tarica family and the Lindemann family, highlighted ‘Le Figaro’. Prior to the takeover bid in recent weeks, these families already held more than 95 percent of the capital and voting rights, the threshold necessary to trigger a withdrawal of the rating.

At the end of its simplified tender offer for the shares of Etam Développement (closed on August 3, 2017), Finora together with the Milchior, Tarica and Lindemann families held 99 percent of the capital and 99.46 percent of the voting rights of Etam Développement.

Following current regulations, a mandatory withdrawal from public trading is required, and such withdrawal has been scheduled by the AMF for August, 9. This will concern the 72,179 Etam Développement shares existing at the date of the application for the implementation of the mandatory withdrawal and not already held by the offer-maker alone or in concert, representing 1 percent of the capital and 0.54 percent of the rights Of Etam Développement. Once the shares have ceased trading, these shares will be transferred to Finora for compensation by their owners and delisted from Euronext Paris. The compulsory withdrawal will be made at the same price as the simplified tender offer, which implies a settlement in cash of 49.30 euros (net of all costs) for each Etam Développement share.

The last months have been tough for Etam, with the group’s net sales down by 3.2 percent in the second quarter, badly hit by adverse currency effects driven by the depreciation of the yuan against euro. Over the half year to June, 30 2017, the intimate fashion group’s net sales amounted to 600.1 million euros, down 5.3 percent on a real basis or down 6 percent like-for-like and at constant exchange rates compared to June, 30 2016.

Source : fashionunited

  Shop Now
   
Bluebella MORE DD+ Collection Bluebella New In Nova Leopard
Up to 80% Off at Undies.com Bluebella MORE DD+ Collection
Sky Berlei - Sign up and get 10% off all purchases!
Smart and Sexy Bras Sexy Swimwear at PinkQueen.com