25th Nov 2008 15:52
PR 120/08 Strictly embargoed
For release at 3.30pm
25 November 2008
DSG international plc
ACQUISITION OF ADDITIONAL 10% STAKE IN KOTSOVOLOS
DSG international (DSGi") announces that following the exercise of an option by Fourlis Holding SA, it will acquire a further 10% interest in Kotsovolos for a cash consideration of Є28.1 million (approximately £22 million). The consideration has been calculated in accordance with the formula agreed at the time DSGi acquired a controlling interest in Kotsovolos in September 2004. The acquisition will take the Group's total interest in Kotsovolos to 99% of the issued share capital.
- Ends -
For further information:
|
David Lloyd-Seed |
Group Director of Investor Relations, DSGi |
01727 205 065 |
|
Mark Webb |
Head of Media Relations, DSGi |
01727 205 019 |
|
Susan Gilchrist |
Brunswick Group |
020 7404 5959 |
Information on DSG international plc is available at http://www.dsgiplc.com
Related Shares:
DXNS.L