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Date: Announced 2 May 2018 (exchanging end of June 2018)
Buyer: C.banner
Target: House of Fraser Group Ltd
Business: Department store group in the UK and Ireland
Value: Undisclosed
Details: Chinese retail conglomerate C.banner, owner of iconic toy store Hamleys, is to acquire a majority (51%) stake in department store group House of Fraser from Nanjing Cenbest, House of Fraser’s parent company, together with a subscription for fresh equity. Nanjing Cenbest will remain a significant minority shareholder.
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