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Billabong International Ltd Announces Sale Of Dakine And Appointment Of New Chief Executive Officer

Tuesday, 16 Jul 2013 03:29am EDT 

Billabong International Ltd announced that Company has entered into binding documentation regarding the sale of DaKine to Altamont for a purchase price of AUD70 million (Asset Sale). The sale is also conditional on the completion of the funding under the Bridge Facility. It is therefore expected that the DaKine transaction will also complete on or around July 22, 2013. The Company also announced its intention to appoint Mr. Scott Olivet as Managing Director and CEO of Billabong. As a result of the appointment of Scott Olivet, Launa Inman will step down from her role as Chief Executive Officer and as a director of the Company. 

Company Quote

-0.0050 -0.74%
22 Sep 2014