• Market Regulator Approves Richemont's Proposed Takeover of YNAP

    One year ago - By WWD

    LONDON - Compagnie Financière Richemont has cleared another hurdle in its quest to buy the remaining shares in Yoox Net-a-porter Group that it doesn't already own.
    Late Wednesday, Richemont said Consob, the Italian stock market regulator, had approved the offer document related to its voluntary public tender offer for all the issued, and to be issued, ordinary shares of YNAP.
    The offer document will be published on March 18, and made available to the public for consultation on Richemont's web site and other outlets.
    The approval process had been briefly held up last month when Consob...
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