24th May 2007 11:51
DSG International PLC24 May 2007 PR 65/07 Strictly embargoedFor immediate release24 May 2007 DSG international plc ACQUISITION OF ADDITIONAL 10% STAKE IN KOTSOVOLOS DSG international announces that following the exercise of an option by FourlisHolding SA ("Fourlis"), it has acquired a further 10% interest in Kotsovolos fora cash consideration of €22.9 million (approximately £15 million). Theconsideration has been calculated in accordance with the formula agreed at thetime DSGi acquired a controlling interest in Kotsovolos in September 2004. Theacquisition takes the Group's total interest in Kotsovolos to 89% of the issuedshare capital. Under the terms of the original acquisition agreement, Fourlis retained a 20%interest in Kotsovolos, which falls to 10% following this transaction. Fourlishas the right to sell its remaining interest to the Group from September 2008and the Group has the right to acquire any outstanding interest held by Fourlisfrom September 2009. - Ends - For further information:David Lloyd-Seed Group Director of Investor Relations 01727 205 065Hamish Thompson Director of Media Relations 01727 203 195 / 07702 684 290Mark Webb Group Corporate Affairs 01727 205019 Information on DSG international plc is available at http://www.dsgiplc.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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