PPR SA. has entered into an exclusive talks with Alpha Private Equity Fund 6 (APEF 6) to sell 100% of Redcats SA's stake in Cyrillus SAS and Vertbaudet GmbH & Co. KG for an enterprise value of €119 million.

The transaction is still subject to informing and consulting with employee representative bodies and to approval of the competition authorities and should be finalized in the coming months.