Alle Storys
Folgen
Keine Story von The Fantastic Company AG mehr verpassen.

The Fantastic Company AG

DGAP-Adhoc: The Fantastic Company AG: TFC expands its Business in France through Acquisitions

The Fantastic Company AG  / Key word(s): Mergers & Acquisitions/Investment

20.11.2013 23:57

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

The Fantastic Company AG ('TFC') announces that it acquired 100% of the
shares in the French company Société de Gestion de Marques SAS. The
acquired company markets and sells fashion accessories similar to our
TFC-subsidiary SICARA Fashion Accessories SAS. It expects for this calendar
year net sales of approximately EUR 8 million with a slightly positive
result.

In addition, TFC acquired on the same day all shares of the minority
shareholders (21%) in our French subsidiary SICARA Fashion Accessories SAS
with the effect that the Company now holds 100% of the shares.

Oliver Krautscheid, President: 'The acquisition strengthens significantly
our current fashion accessories business in France. We expect to realize
synergy effects from this acquisition.'

The Board of Directors

Contact:
Oliver Krautscheid 
oliver.krautscheid@fantastic.com


---------------------------------------------------------------------------

Language:     English
Company:      The Fantastic Company AG
              Obmoos 4
              6301 Zug
              Switzerland
Phone:        0041443502280
Fax:          0041443502282
E-mail:        info@fantastic.com
Internet:  www.fantastic.com
ISIN:         CH0108753523
WKN:          A0YJEW
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Stuttgart

End of Announcement                             DGAP News-Service

---------------------------------------------------------------------------