BRIEF-CVC Capital agrees to acquire 80 pct stake in Breitling SA – Reuters

Posted: Wednesday, May 03, 2017

April 28 CVC Capital Partners Ltd:

* CVC Fund vi has agreed to acquire an 80 pct stake in
Breitling SA

* Financial terms of transaction were not disclosed.

* As part of the transaction, Théodore Schneider will
re-invest for a 20 pct shareholding in Breitling.

* Closing of transaction is subject to approval by relevant
competition authorities and is expected for June 2017.
Further company coverage:
(Bengaluru Newsroom)

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