FILA Fabbrica Italiana Lapis ed Affini SpA (FILA.MI)
15 Dec 2017
Latest Key Developments (Source: Significant Developments)
Nov 13 (Reuters) - FILA FABBRICA ITALIANA LAPIS ED AFFINI SPA
Italy's FILA says: In exclusive talks to buy 100 percent of Canson Group, held by French group Hamelin .Exclusive talks for Canson to last until end of 2016, hoping to reach deal by October. Full Article
FILA SpA:Buys 100 percent stake, comprising ordinary shares and preference shares, in Renoir Topco Ltd, holding company of the Daler-Rowney Lukas group, a company operating in art & craft.The acquisition involves a total payment of 80.8 million euros, of which 2.6 million euros as payment for the ordinary shares, 12.7 million euros as payment for the preference shares and 65.5 million euros for the redemption of the loan notes held by the sellers.The transaction has been financed through a medium-term bank loan for a total amount of 130 million euros, which includes also a revolving facility to manage FILA's working capital needs. Full Article
MILAN, Dec 11 Index provider FTSE Russell said on Monday it had selected 22 groups listed on the Milan bourse to create a new index, aimed at investors betting on performance of Italy's top-tier brands.