BRIEF-Esprit Holdings Announces MOU For Potential Investment And Cooperation

Reuters04-18

April 18 (Reuters) - Esprit Holdings Ltd :

* MOU FOR POTENTIAL INVESTMENT AND COOPERATION

* ENTERED INTO A NON-LEGALLY BINDING MOU WITH INTERNATIONAL PRIVATE EQUITY GROUP

* POTENTIAL INVESTOR INTENDED TO TAKE ECONOMIC INTEREST IN CO

* POTENTIAL INVESTOR WILL ASSIST CO TO RESTRUCTURE EUROPEAN BUSINESS

* UNDER MOU, PROPOSED THAT POTENTIAL INVESTOR WILL ASSIST CO TO RESTRUCTURE GROUP'S EUROPEAN BUSINESS, OTHERS

* FINAL TERMS OF DEFINITIVE TRANSACTION AGREEMENT$(S)$ ARE SUBJECT TO FURTHER NEGOTIATIONS BETWEEN PARTIES

* FORESEES THAT IT WILL DERIVE SUBSTANTIAL ADVANTAGES FROM POTENTIAL SYNERGIES INHERENT IN POTENTIAL INVESTMENT AND COOPERATION

Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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