News

Bonia subsidiary buys stake in German leathergoods maker

04/01/2012

Malaysian fashion company Bonia Corporation Berhad has announced that its 70%-owned subsidiary, Jeco Pte Ltd, has acquired a stake in German leathergoods maker Braun Büffel in a deal worth EUR3.2 million.

The transaction includes 49% equity interests in Braun Verwaltungs-GmbH and Braun GmbH & Co KG (Braun KG) respectively for a total cash consideration of EUR980,000, as well as the acquisition of the Braun Büffel trademark that is registered in the UAE, the US and Canada for EUR20,000.

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