Groupe SEB to Acquire Majority Interest in Imusa
December 21, 2010,
ECULLY CEDEX, France--Global housewares giant Groupe SEB has acquired a majority interest in Imusa, the Colombian-based cookware company, following approval from Colombian competition authorities. Because Imusa is on the Bogota Stock Exchange, a delisting offer will be launched, according to a statement from Group SEB. Groupe SEB expects the transaction to be completed in February 2011, after the time allowed to comply with stock market regulations, and will then hold at least 94.17 percent of Imusa's capital.
Other Articles By Author
HFN Launches Interactive Idea Book
HFN's DIGITAL EDITION
COVER STORY: HFN Turns 90
We commemorate HFN's 90th anniversary by paying tribute to the iconic retailer and supplier brands--and the people--that have helped the industry flourish, then and now.
ALSO IN THIS ISSUE:
- Up & Coming Leaders - The home industry is in capable and visionary hands as this year’s 40 Under 40 list attests. Today’s young leaders span all disciplines and varied levels of operation.
- Omnichannel Retailing - In the Mobile App World, Time is Money