Qatar group now owns 85% of Le Tanneur
05/08/2011
It acquired 52.73% of the shares in Le Tanneur during an earlier round of investment, but last month said it wanted a larger stake and would give shareholders until July 21 to accept an offer of EUR 6.51 per share.
At the end of the exercise, the group said it had succeeded in acquiring 85.73% of the capital and 85.96% of the voting rights.
Gregory Couillard,chief executive of Qatar Luxury Group, said: “This closes a great chapter in the history of this brand, which was founded in 1898, with a new page about to be written.”
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