Hermes: LVMH Brings an End to AMF Proceedings

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posted:9/3/2013
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Description: PARIS--(BUSINESS WIRE)--LVMH has decided to terminate the AMF proceedings in relation to its acquisition of approximately 10% of Hermès’ share capital in October 2010. This decision reflects LVMH’s commitment to ensuring the soundest possible management of its investment in Hermès. To this end, LVMH will not appeal the 25 June 2013 decision of the AMF’s disciplinary commission. Throughout its proceedings, the AMF expressly confirmed that in acquiring its equity stake in Hermès, LVMH never breach
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