DFS Furniture and Sofology couch their differences over branding by agreeing takeover deal
Shares in DFS rocketed after agreeing to buy Sofology for £25mln.
Company
Dongfang Shipbuilding (Group) Company Limited
LON:DFS
Incorporated in Singapore, with offices in Mainland China and Hong Kong, Dongfang Shipbuilding (Group) Company Limited ("Dongfang" or "The Group") has nearly 25 years of experience building advanced ships according to high international standards using green technology. The Company's principal subsidiary, Dongfang Shipbuilding (Group) Co., Ltd (“DF Shipbuilding” or “Dongfang Shipbuilding”), was founded in 1986 as a shipbuilding and ship repair company.
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DFS Furniture snaps up rival Sofology for £25mln
DFS, which also announced a new £230mln credit facility with six banks, said it will pay the consideration out of its own resources
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