🕔1/23/2009 5:03:00 PM
Jelmoli (VTX:JEL) Corporate news announcement processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- -------------- Jemoli Holding Ltd ("Jelmoli") announces today that it has signed a definitive agreement with the other shareholders in Tivona AG ("Tivona"), whereby Jelmoli will acquire the remaining 55.5% stake in Tivona for CHF 60 million in cash and 80,000 shares. As a result of this agreement, all outstanding claims and counterclaims between the parties will be settled. The transaction is subject to certain closing conditions and is expected to be completed in the first quarter of 2009.
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