Societe Alsacienne Et Lorraine De Valeurs d'Entreprises Et De Participations (Salvepar) Sells Stake in Courtepaille to CM-CIC Capital Finance


Monday, 24 Jun 2013 01:00am EDT 

Societe Alsacienne Et Lorraine De Valeurs d'Entreprises Et De Participations (Salvepar) announced that it has sold its 12% stake in Courtepaille to CM-CIC Capital Finance for EUR 9 million. There is a clause for a extra sum to be paid if CM-CIC Capital Finance sells the shares before 2018. The deal should be finalized at the end of June 2013.