Market announcement
AS Silvano Fashion Group
Category
Other price sensitive information
Date
16.09.2008 17:30:00
Title
SFG: Tütarettevõtjate ühinemine
Message
Börsiteade 16.09.2008.a AS-i Silvano Fashion Group (“SFG”) kaks tütarettevõtjat, kes tegutsevad eelkõige Vene jaemüügiturul - ZAO Linret (“Linret”) ja ZAO Stolichnaja Torgovaja Kompanija Milavitsa (“STK”) - sõlmisid ühinemislepingu, mille tulemusena STK ühendatakse Linretiga. Ühinenud tütarettevõtja jätkab tegevust “ZAO Milavitsa Linret” nime all ja ühendab endas kahe äriühingu äritegevust ja ressursse. ZAO-st Milavitsa Linret hakkab 49% kuuluma otse SFG-le ja 51% SP ZAO-le Milavitsa, SFG Valgevene tütarettevõtjale. Ühinemisele eelneb Linreti 51%-lise osaluse müük STK-le. Ühinemine suurendab SFG vene äritegevuse efektiivsust läbi halduskulude vähenemise ja parema koostöö seni sõltumatute müügistruktuuride vahel. Dmitry Ditchkovsky Juhatuse esimees AS Silvano Fashion Group Tel +372 6 710 700
Title
SFG: Merger of Subsidiaries
Message
Stock Exchange Release 16.09.2008 Two subsidiaries of AS Silvano Fashion Group (“SFG”) operating primarily on the Russian retail market - ZAO Linret (“Linret”) and ZAO Stolichnaja Torgovaja Kompanija Milavitsa (“STK”) have signed a merger agreement, as a result of which STK will be merged into Linret. The new entity will operate under the name of ZAO Milavitsa Linret and will combine the operations and resources of the two companies. ZAO Milavitsa Linret will be 49% owned by SFG directly and 51% by SP ZAO Milavitsa, a Belorussian subsidiary of SFG. The merger will be preceded by a sale of 51% of shares in Linret to STK. The merger will contribute to the efficiency of SFG's Russian operations through decreased administrative expenses and better coordination between the previously independent sales structures. Dmitry Ditchkovsky Chairman of the Management Board AS Silvano Fashion Group Ph +372 6 710 700