France's Groupe SEB Takes Imusa Stake

France's Groupe SEB Takes Imusa Stake

Colombia

France-based household equipment maker Groupe SEB says it is acquiring a majority stake in Colombian peer Imusa from investment firm Industrias Arfel, also based in Colombia. The buyer plans to launch a delisting offer through which it expects to acquire at least 94.17% of Imusa, it says. The companies have not announced the sale price, but the local press says SEB will pay about $96m equivalent for the stake, citing Imusa president Juan David Vieira. SEB says Imusa's revenues as of the 9-months

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