Fashion House Smcp’s Bondholders Expect Initial Bids for Their Stake by Mid-may - Sou

[Sarah]

Bondholders in French fashion group SMCP (SMCP.PA), the owner of labels such as Sandro and Maje, are expecting first-round, non-binding bids for their 37% stake in the company by mid-May, said two people with knowledge of the transaction.The bondholders, which include asset manager BlackRock and private equity firm Carlyle (CG.O), appointed investment bank Lazard Frères SAS to advise on the sale that kicked off in March.The 37% stake is worth around 227 million euros ($251 million) based on SMCP's market value of 613.8 million euros at Monday's close, Reuters reported.

أكثر... (https://aawsat.com/node/4293541)