January 11, 2018 / 5:49 PM / 12 days ago

BRIEF-Carrefour Announces Strategic Partnership With Showroomprivé

Jan 11 (Reuters) - Showroomprive:

* CARREFOUR ANNOUNCES A STRATEGIC PARTNERSHIP WITH SHOWROOMPRIVÉ AND ACQUIRES A C.17% STAKE IN THE COMPANY

* ‍CARREFOUR WILL ACQUIRE C. 17% OF SHARE CAPITAL OF SHOWROOMPRIVÉ FROM CONFORAMA, A SUBSIDIARY OF STEINHOFF GROUP​

* CARREFOUR‘S EQUITY INVESTMENT IN SHOWROOMPRIVÉ WILL BE OFF-MARKET ACQUISITION OF BLOCK OF SHARES OWNED BY CONFORAMA

* ‍CARREFOUR‘S EQUITY INVESTMENT IN SHOWROOMPRIVÉ WILL BE AT PRICE OF 13.5 EUROS PER SHARE, FOR A TOTAL AMOUNT OF C. 79 MILLION EUROS​

* ‍ADDITIONAL PAYMENT TO BE MADE BY CARREFOUR TO CONFORAMA, IF CARREFOUR LAUNCHES TAKEOVER BID FOR CO WITHIN 18 MONTHS OF TRANSACTION​ COMPLETION Source text for Eikon: Further company coverage:

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