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Hugo Boss shareholder Frasers files request to buy more shares
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Hugo Boss shareholder Frasers files request to buy more shares
Aug 23, 2024 4:13 AM

DUESSELDORF (Reuters) - Hugo Boss' second-biggest shareholder, British sports and fashion retailer Frasers ( SDIPF ), has filed a request to acquire more shares in the German company, according to a filing with the German competition authority seen by Reuters on Friday.

A spokesperson for the Bundeskartellamt authority did not provide any information regarding the amount of shares that Frasers ( SDIPF ) intends to buy.

The watchdog, which examines the impact of mergers on the German market, now has one month to assess the plans.

Frasers ( SDIPF ) was not immediately available for comment.

Earlier in August, Hugo Boss said it received a regulatory filing stating that Frasers ( SDIPF ) exceeded a 15% threshold with its stake.

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