Reuters logo
Tom Tailor says consortium headed by Fosun to buy 23 pct stake
July 30, 2014 / 5:21 PM / in 3 years

Tom Tailor says consortium headed by Fosun to buy 23 pct stake

FRANKFURT, July 30 (Reuters) - Tom Tailor on Wednesday said a consortium controlled by China’s Fosun International Ltd has agreed to buy a 23.16 percent stake in the German retailer currently owned by Liechtenstein-based Versorgungs- und Förderungsstiftung.

Tom Tailor said the acquisition of the stake by Fidelidade-Companhia de Seguros SA, Portugal, an insurance company controlled by Fosun, will be implemented shortly.

The Fosun consortium also includes other co-investors and some members of the retailer’s management board, Tom Tailor said.

The 23.16 percent stake remains subject to a lockup agreement which prevents any trading of the shares until Aug. 8 2015, the company added. (Reporting by Edward Taylor, editing by David Evans)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below