LVMH Says Purchased A 10% Stake In Double R That Owns A Direct Stake In Moncler Of About 15.8%
Sept 26 (Reuters) -LVMH Moet Hennessy Louis Vuitton SE LVMH.PA:
LVMH - THROUGH A SPECIAL PURPOSE VEHICLE, PURCHASED A 10% STAKE IN DOUBLE R THAT OWNS A DIRECT STAKE IN MONCLER EQUAL TO APPROXIMATELY 15.8
LVMH - FUNDING OF SUCH PURCHASES WILL BE PROVIDED BY LVMH WHICH WILL INCREASE ITS INVESTMENT IN DOUBLE R UP TO A MAXIMUM OF APPROXIMATELY 22%
LVMH - THROUGH A SPECIAL PURPOSE VEHICLE, PURCHASED A 10% STAKE IN DOUBLE R THAT OWNS A DIRECT STAKE IN MONCLER EQUAL TO APPROXIMATELY 15.8% (NOT 15.8)
LVMH- DOUBLE R WILL INCREASE STAKE IN MONCLER UP TO 18.5% THROUGH FURTHER PURCHASES OF MONCLER SHARES OVER ABOUT 18 MONTHS
LVMH- REMO RUFFINI WILL CONTINUE TO DEFINE AND DRIVE MONCLER GROUP'S PLANS FOR FUTURE DEVELOPMENT AND, AS CHAIRMAN AND CEO
Source text for Eikon: ID:nBIAc1wFLs
Further company coverage: LVMH.PA
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