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business · Euro Telegraph
“Frasers Group bought 12.16 million Hugo Boss shares for more than €463 million, taking its holding to 47.89 %”
12.16 million shares
more than 463 million €
47.89 %
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business · Euro Telegraph
“The purchase consisted of 12,157,598 Hugo Boss shares bought at €38.10 per share – the market close price on the Monday before the announcement.”
38.1 € per share
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business · Euro Telegraph
“The share count represents more than 17 % of Hugo Boss’s issued equity”
more than 17 %
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business · Euro Telegraph
“a stake that City AM notes is worth more than €1 billion”
more than 1 billion €
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business · Euro Telegraph
“the 2.11 percentage‑point gap to a 50 % majority means that the group cannot unilaterally dictate board decisions”
2.11 percentage‑point
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business · Euro Telegraph
“Hugo Boss’s board, led by chief executive Daniel Grieder, retains control of the remaining 52.11 % of voting rights”
52.11 %
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business · Euro Telegraph
“the €463 million cash outlay represents a material deployment of capital for Frasers Group”
463 million €
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business · Euro Telegraph
“For Hugo Boss, the infusion of €463 million strengthens its balance sheet”
463 million €
