Brief: Gaumont granted option to sell 34 pct stake in Les Cinemas Gaumont Pathe

Gaumont SA

01/03/2017 12:02

March 1 (Reuters) - Gaumont SA  GAUM.PA : 
    * Planned acquisition by Pathe of Gaumont's stake in Les 
Cinemas Gaumont Pathe 
    * Pathe has granted Gaumont with an option to sell its 34 
pct stake in Les Cinémas Gaumont Pathe for a consideration of 
380 million euros ($400.2 million) 
    * Deal to go through after receiving approval of executive 
board 
 
Source text for Eikon:  ID:nGNE8dSBTT  
Further company coverage:  GAUM.PA  
 
($1 = 0.9496 euros) 
 
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