A PYMNTS Company

EU: Swiss Richemont cleared for YNAP purchase

By  |  March 25, 2018

Compagnie Financiere Richemont SA, the Swiss owner of Montblanc, Cartier and other brands, said Friday, March 23, that all antitrust authorizations for its offer for Yoox Net-A-Porter (YNAP) Group SpA have been obtained.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The Swiss luxury company said the condition of effectiveness of the offer has been fulfilled. The offer remains subject to the minimum acceptance level condition as stated in the offer document, said Richemont.

    Richemont offered €38 (US$46.96) per share of YNAP.

    Full Content: 4 Traders

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.