Gino Rossi ready to accept PLN 12 mln price for Simple

Fashion retailer Gino Rossi is ready to accept a price of PLN 12 million proposed by Monnari Trade for 100 percent shares of Simple Creative Products.  The condition for accepting the offer is signing an agreement before August 10, Gino Rossi said. Monnari Trade responded that before signing the agreement it expects Gino Rossi to set the rules of further Simple financing with Bank PKO BP (Simple creditor). Monnari also requires a release of Simple shares from registration and financial pledges and any other encumbrances.