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Reuters
Published
Mar 15, 2018
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Italian regulator approves Richemont bid on YNAP

By
Reuters
Published
Mar 15, 2018

Italian market watchdog Consob approved a bid by Cartier owner Richemont for the full control of online luxury retailer Yoox Net-a-Porter, the Swiss group said on Thursday.




The offer, carried out through arm RLG Italia Holding, will run from March 19 to May 9 and could be reopened from May 21 to May 25, the statement said.

If fully taken up, the bid will have a total value of 2.69 billion euros, or 2.77 if stock options are fully exercised.

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