Richemont: gets green light for Yoox Net-a-Porter bid
(CercleFinance.com) - Italy's market regulator has cleared Richemont's plans to acquire Yoox Net-a-Porter, the Swiss luxury group said.
In a statement made late on Wednesday, Richemont said that it has received the go-ahead for the takeover bid from market regulator Consob, paving the way for a public tender offer between 19 March and 9 May.
If the conditions of the offer are met, the bid will then be reopened from 21 May until 25 May, Richemont said.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
In a statement made late on Wednesday, Richemont said that it has received the go-ahead for the takeover bid from market regulator Consob, paving the way for a public tender offer between 19 March and 9 May.
If the conditions of the offer are met, the bid will then be reopened from 21 May until 25 May, Richemont said.
Copyright (c) 2018 CercleFinance.com. All rights reserved.