Groupe SEB was today authorized by the Ministry of Commerce of the People’s Republic of China (MOFCOM) to raise its interest in Supor to 71.31% of the capital, in accordance with the agreement with Supor’s founding shareholders that was signed on 16 February 2011 and made public on 17 February.
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To prepare for coming changes in the small domestic equipment market and extend its innovation strategy to new technologies and expertise from outside the company, Groupe SEB has created an investment fund – SEB Alliance – with initial capital of €30 million. The fund will serve as a technology watch as well as an investment...
Review for the three months ended 31 March 2011.
Groupe SEB has taken the control of Vietnamese company Asia Fan, the leader on the domestic market for fans. Further to acquisition, it holds 65% of the capital while 30% of outstanding shares are still in the hands of the founding family and 5% are held by employees.
Groupe SEB today successfully launched its first issue of five-year euro-bonds in a total amount of €300 million. The bonds mature on 3 June 2016 and pay interest at an annual rate of 4.50%.