Tivoly SA (ENXTPA:TVLY) agreed in principle to acquire 89% stake in Tivelon Hong Kong on August 31, 2012. As a part of the transaction, Tivoly SA will also acquire 89% stake in the subsidiaries of Tivelon Hong Kong. The transaction was approved by the Supervisory Board of Tivoly SA. The transaction is expected to complete before December 31, 2012.

Tivoly SA (ENXTPA:TVLY) completed the acquisition of 89% stake in Tivelon Hong Kong on December 19, 2012.