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Cottin Freres SA Updates on Sale of Business Activities to Henri Maire; Announces Public Tender Offer for Its Shares to Be Launched Before End of 2013


Tuesday, 15 Oct 2013 01:00pm EDT 

Cottin Freres SA announced that it signed a protocol agreement with Henri Maire concerning the acquisition of all of the Company's business activities, notably the tangible, intangible and operating assets of Laboure Roi and Nicolas Potel, its brands, stocks of wine, base ingredients, finished products and real estate. The transaction took place on September 30, 2013. Further to this agreement, the Company announced that the valuation of the assets sold was fixed at EUR 12.85 million. Henri Maire has already paid EUR 6 million in cash. The payment for the Company's real estate amounts to EUR 1.9 million, and this will be paid by a real estate firm. The balance of EUR 4.95 million will be paid by Henri Maire on January 6, 2014. A public tender offer for the Company's shares will be launched before the end of 2013. 

Company Quote

4.0
0.01 +0.25%
14 Apr 2014