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Shares Rise on Planned Stake Sale","url":"https://stock-news.laohu8.com/highlight/detail?id=2586789929","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2586789929?lang=en_us&edition=fundamental","pubTime":"2025-11-28 19:20","pubTimestamp":1764328800,"startTime":"0","endTime":"0","summary":"Shares in SMCP jumped after the French fashion company said it would sell more than 50% of its share capital.The company, which owns brands including Sandro and Maje, said late Thursday that the potential sale would enable the group to stabilize its shareholder structure and focus on pursuing its development strategy.The group said the sale process is expected to last several months. If the stake acquired were to exceed 30% of the company's share capital, the purchaser might be required to launch a public tender offer for all SMCP shares, it said.The stock was up 11% at 6.58 euros in European morning trading. 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