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PPR SA's Redcats Enters into Agreement with Nordic Capital Fund VII for the Sale of Ellos and Jotex

Monday, 25 Feb 2013 02:30am EST 

PPR SA announced that its subsidiary Redcats has entered into an agreement to sell its Nordic brands Ellos and Jotex to Nordic Capital Fund VII for an enterprise value of EUR275 million. The transaction should be finalised in the coming months, after informing the employee representative bodies. Rothschild acted as financial adviser and Vinge acted as legal advisor to PPR SA in the transaction. 

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