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Nuance sale price was under $250mNuance sale price was under $250m
25-Apr-2002
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Italian retailer Gruppo PAM acquired The Nuance Group from
SAirGroup for SFr405m, or $244m, according to fashion group
Stefanel, which is poised to buy a 50% stake in the airport
retailer.
Stefanel, which has been granted a call option to buy 50% of Nuance
by Gruppo PAM, told Swiss media of the financial offer as it
considered its own bid. The deal, announced on April 17, did not
disclose the sale price.
Stefanel said that under the terms of the sale, it had a window of
two months in which it could acquire the 50% shareholding in Nuance
"under the same financial conditions" as the original purchase by
Gruppo PAM.
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(18-Dec-2001) -
(1-Apr-2002) - INTERNATIONAL. The Nuance Group is to be sold to Italian retailer Gruppo PAM for SFr405m ($244m), a price less than half the value some analysts put on the company in August when the sale was announced. Troubled airline company SAirGroup?s need to improve cash flow and the hard-hitting effects of September 11 will have played a vital part in determining the final purchase price.
(3-Jun-2003) - SWEDEN. SAS Trading president Patric Sjöberg has told DFNI that the retailer is not for sale, following the announcement by parent company SAS that it intended to divest some non-core businesses to cut costs.
(24-May-2003) - SAS Trading president Patric Sjoberg has told DFNI the retailer is not for sale, following the announcement by parent company SAS that it would look to divest some non-core businesses to cut costs
(31-Aug-2001) -