Calida Group holds majority stake in Lafuma

A week after Calida Group launched its takeover bid

to become the majority shareholder of the outdoor apparel retailer Lafuma, the Group revealed that it had paid for the shares from Lafuma's reserved capital increase and now owns a controlling stake of 50.6 percent of the French sport appeal company.

In a press release, Calida Group announced that the transaction was made possible when Lafuma Group's shareholders agreed to its “simplified public takeover offer” during a meeting held on 20 December. The public takeover offer to other shareholders at the price of 14 euros per share will occur from 27 December 2013 to mid-January next year.

Calida Group also stated that a second capital increase by Lafuma, worth 10 million euros and retaining subscription rights is planned for next year spring. When Calida Group assume company control, according to the IFS rules, the 15.3 percent stake in Lafuma that Calida Group already owns need to be revalued.