Kathimerini English - - Business & Finance -

Fo­sun In­ter­na­tional Group, a Chinese com­pany look­ing to in­vest in lux­ury brands in Europe, agreed to take a 9.5 per­cent stake in Folli Fol­lie Group, a Greek re­tailer whose ac­tiv­i­ties in­clude the man­u­fac­tur­ing and sale of jew­elry and hand­bags. Folli Fol­lie will is­sue 6.4 mil­lion new shares in fa­vor of Fo­sun with a par value of 0.3 eu­ros ($0.50) each and share­hold­ers waiv­ing their rights to the new shares, ac­cord­ing to an Athens bourse fil­ing from Folli Fol­lie yes­ter­day. The new shares have a traded value of 13.30 eu­ros and the to­tal raised cap­i­tal will amount to 84.6 mil­lion eu­ros, ac­cord­ing to the fil­ing. (Bloomberg)

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