SGM group obtains its financing and the authorization to acquire BHV
What: The Société des Grand Magasins (SGM) has obtained a loan from a French banking network to ensure most of the acquisition of the Parisian department store and its branch in Parly 2.
Why it is important: The finalization of the takeover is becoming clearer as the group also received approval from the Competition Authority.
SGM obtained a loan on May 26, allowing it to provide most of the financing for the acquisition.
The group also obtained approval from the Competition Authority for this operation and received the favourable opinion of the representatives of the BHV staff.