Zalando: 90% stake in About You passed
(CercleFinance.com) - Zalando announced on Friday that it had crossed the threshold of 90% of About You's capital, enabling it to apply for delisting of the German ready-to-wear retailer.
In a press release, the online retailer of clothing and accessories indicates that the final results of its offer, which closed last night, will be published next Tuesday.
The Berlin-based group specifies that it plans to subsequently file a squeeze-out request for the remaining capital.
The acquisition is expected to be finalized during the summer.
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