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Societe B I C SA Completes the Acquisition of the Remaining 40% of Cello Pens' Last Entity and Increases Stake In Cello Pens to 55%


Tuesday, 17 Sep 2013 11:52am EDT 

Societe B I C SA announced that it has closed the acquisition of 40% of the last (seventh) stationery entity of Cello Group for a total amount of INR 3.7 billion (EUR 43.3 million). It has also exercised the call option allowing to increase its ownership in Cello Pens seven entities from 40% to 55% for approximately INR 2.8 billion (EUR 32.9 million). The closing of this acquisition is expected to be completed before the end of 2013. 

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