BIC Group Increases Its Stake in Cello Pens: BIC Group Increases Its Stake in Cello Pens
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BIC also holds call options to raise its stake to as much as 90 percent by 2017. It raised its stake to 55 percent last year.
"The exercise of the call option allows us to increase our stake in a highly successful company focused, like we are, on delivering the highest quality products to consumers and that will contribute to BIC Group's long-term growth," Mario Guevara, CEO of BIC Group said in a September 2013 press release.
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