Fosun close to Tom Tailor takeover, increases stake by over 30 percent

Tom Tailor Holding SE has decided to implement a capital increase of 10 percent against cash contribution with partial utilization of the approved capital. The company said in a statement that 3,849,526 new registered shares will be allocated directly and exclusively to Fosun International Ltd. With the exclusive allocation of the shares created by the cash capital increase, Fosun's shareholding in Tom Tailor Holding will increase to over 30 percent, above the threshold set by the German Securities Takeover Act for acquisition of control.