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发帖数: 7575 | | M****a
发帖数: 5211 | 2 LVMH (LVMH.PA) now owns 17.1 percent of luxury peer Hermes (HRMS.PA) after
exercising a derivative instrument, it said on Tuesday without giving
details.
A statement is expected from France's AMF market regulator on Wednesday
explaining how LVMH built up its position in Hermes first to 14.2 percent
and then to 17.1 percent at 80.5 euros a share, a 54 percent discount to
Friday's closing price.
Hermes shares gained as much as 17 percent on Monday after LVMH announced on
Saturday that it owned 14.2 percent of Hermes. This gives LVMH first-mover
advantage in case any Hermes family members, who own 73 percent of the
company, want to sell.
Hermes shares were down 12.2 percent at 178.15 euros by 9:43 a.m. EDT. |
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