18-Feb-2011 3:44 PM
PAI Partners completes acquisition of Stefanel SpA’s 50% shareholding in The Nuance Group
Analysis
The Nuance Group announced the finalisation of PAI Partners acquisition of Stefanel SpA's 50% shareholding in the company. Following the transaction, a new Board will be appointed, chaired by Josef Felder.
Summary
- The Nuance Group's acquisition of Stefanel SpA's 50% shareholding has been finalized.
- PAI Partners is the acquiring party in the transaction.
- A new Board will be appointed, with Josef Felder as the chairman.
- Dufry's shares have experienced a 6.7% increase, recovering from previous declines.
- The share price movements mentioned are from 18-Feb-2011.
- The article focuses on selected duty-free companies' daily share price movements.
Elsewhere, shares in Dufry rose 6.7%, recovering after several days of downward momentum.
Selected Duty Free daily share price movements (% change): 18-Feb-2011
