Billabong, TCP settle $285M joint venture

Published on Tue, 17/04/2012, 02:45:21

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Billabong has completed the partial sales of Nixon to its joint venture partner Trilantic Capital Partners (TCP) for US$285 million.

As a result Billabong and TCP will each own approximately 48.5 per cent of Nixon while Nixon management will own the remaining 3 per cent.

This agreement comes after the company announced its intention of the transaction in its half-year results in February.


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