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Provider: Thomson Reuters Stock Report
Provider: Reuters Investment Profile
Provider: Thomson Reuters Stock Report

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Marwyn Management Partners PLC Enters Into Exclusive Discussions with Lafuma SA to Acquire Le Chameau SAS

Tuesday, 2 Oct 2012 02:00am EDT 

Marwyn Management Partners PLC (MMP) announced that it has entered into exclusive discussions with Lafuma SA, the Paris-listed group, regarding the acquisition by MMP of Le Chameau SAS (Le Chameau). Le Chameau is a French-based producer of high-end rubber boots, footwear and apparel. The entering into of a binding sale and purchase agreement relating to the acquisition remains subject to the satisfactory conclusion of consultation between Lafuma SA and its employees, as is standard under French regulations. The acquisition would be funded by the existing cash resources of MMP. MMP anticipates that a sale and purchase agreement may be concluded within four to six weeks. MMP will update the market as appropriate in due course. 

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