Bernard Krief Consultants SA (ENXTPA:MLKRI) and Park Madison Equities LLC signed an agreement to acquire 65.2% stake in Financière Marjos SA (ENXTPA:FINM) from Fashion Holding SA for €0.14 million on July 12, 2017. The acquisition is made at €0.10 per share. In a related deal, Bernard Krief Consultants will file a tender offer for Financière Marjos at €0.1 per share.

Krief Group intends to maintain the listing of Financiere Marjos shares. Financière Marjos will separate the roles of Chief Executive and Chairman. Lalou Elie Haioun has been appointed Chairman of Financiere Marjos and Patrick Werner has been appointed Chief Executive of Financiere Marjos.

The transaction will be completed in the coming days. Samuel Pallotto, Mathilde Cazé and Annabelle Mathieu of Brunswick Société d'Avocats acted as legal advisors for Fashion Holding. Sekri Valentin Zerrouk acted as legal advisor for Bernard Krief Consultants SA and Park Madison Equities LLC.