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  • Reuters

    Hugo Boss shareholder Frasers files request to buy more shares

    By Reuters,

    6 hours ago
    https://img.particlenews.com/image.php?url=2sn8Va_0v7dCF4600

    DUESSELDORF (Reuters) - Hugo Boss' second-biggest shareholder, British sports and fashion retailer Frasers, has filed a request to acquire more shares in the German company, according to a filing with the German competition authority seen by Reuters on Friday.

    A spokesperson for the Bundeskartellamt authority did not provide any information regarding the amount of shares that Frasers intends to buy.

    The watchdog, which examines the impact of mergers on the German market, now has one month to assess the plans.

    Frasers was not immediately available for comment.

    Earlier in August, Hugo Boss said it received a regulatory filing stating that Frasers exceeded a 15% threshold with its stake.

    (Reporting by Matthias Inverardi, writing by Andrey Sychev, editing by Miranda Murray)

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