April 10, 2018 / 10:38 AM / 17 days ago

BRIEF-Galeries Lafayette finalizes acquisition of 51 pct stake in La Redoute

April 10 (Reuters) - Galeries Lafayette SA statement

* Galeries Lafayettes, via its holding company Motier, finalized the acquisition of a 51 percent stake in online retailer La Redoute

* This follows approval of the deal by the relevant French and international regulatory authorities

* Galeries Lafayette maintains its objective to own 100 pct of La Redoute in the future. Source text for Eikon: Further company coverage: (Reporting By Dominique Vidalon)

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