Stefanel to purchase 50% Nuance stake

15-May-2002

ITALY/SWITZERLAND. Italian clothing group Stefanel has confirmed it is to exercise an option to buy half of The Nuance Group for about Eur138m ($126m). It will finance the deal by raising debt.

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?ITALY/SWITZERLAND. Italian clothing group Stefanel has confirmed it is to exercise an option to buy half of The Nuance Group for about Eur138m ($126m). It will finance the deal by........
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(10-May-2002) - Italian clothing group Stefanel has announced it will exercise an option to buy 50% of travel retailer The Nuance Group for about Eur138m ($126m), which it will finance by raising debt
(30-May-2007) - The 50% owner of The Nuance Group has indicated that the retailer could be the subject of an initial public offer as early as next year