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PARIS, Dec 3 (Reuters) – French online fashion retailer Showroomprive launched an issue of new shares to raise around 40 million euros ($46 million), part of which would help fund a small-scale acquisition.

The new shares would be priced at 2.50 euros per share – marking a discount of around 25 percent to Showroomprive’s closing price of 3.35 euros on Nov. 30.

Showroomprive, in which French supermarket retailer Carrefour has a stake of around 17 percent, added that part of the proceeds would be used to fund buying full control of French online beauty products firm ‘Beauteprivee’.

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