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