GPs sell French crystal maker to Chinese investment group
Chinese investment group Fortune Fountain Capital has agreed to buy a controlling stake in French luxury crystal maker Baccarat from Starwood Capital and L Catterton Partners, in a deal worth EUR164 million ($184 million).
According to a filing dated June 2, Fortune Fountain will acquire an 88.8% stake in the Paris-listed company at EUR222.7 per share, representing a 14% discount to the previous closing price. The Chinese...
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