eXtra extends MoU to acquire 51% of Mohammad Yousuf Sager & Co.
United Electronics Company (eXtra) [4003.SE] announced the extension of the memorandum of understanding (MoU), which it had signed in June 2015, to acquire 51% of fashion and accessories retailer Mohammad Yousuf Sager & Co. , until 31 July 2016. The two parties signed the agreement to extend the MoU on 2 March 2016. Sager and Co. represents brands including DKNY, Kenzo, Max Mara and Koton, as well as Jimmy Choo and Ecco, Trinket and On Time. (Company disclosure) eXtra: SAR25.78 as of 02 March 2016, Rating: Neutral, FV: SAR49.00 per share, MCap: USD247 million, EXTRA AB / 4003.SE
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