LVMH: progress in Christian Dior simplification project.

(CercleFinance.com) - Semyrhamis (a company of the Arnault family group) has announced that on 22 May it filed with the AMF the proposed simplified public offering for all Christian Dior shares not held by the Arnault Family Group, according to the terms provided on 25 April.


Moreover, LVMH and Christian Dior's boards of directors have unanimously approved the signature of the final agreement to acquire Christian Dior Couture by LVMH for an enterprise value of 6.5 billion euros.

Subject to the AMF's compliance decision, all of these operations will enable confirmation of the schedule announced on 25 April, which provides for the offer to be opened in June 2017.


Copyright (c) 2017 CercleFinance.com. All rights reserved.