Frasers has submitted plans to acquire shares in the Hugo Boss fashion group to the German competition authority in Bonn.
Regarding the amount of shares to be bought by Frasers, no further information was provided by the authorities, revealed “Reuters”. The competition authority now has one month to examine the plans.
Frasers, the second biggest share holder of Hugo Boss, had repeatedly increased its stake in Boss in the past. The Metzingen-based fashion group last announced in mid-August in a mandatory notification that Frasers directly held more than 15 percent of the shares in the company.
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