French luxury group LVMH Moet Hennessy Louis Vuitton SA will take over Italy's Bulgari SpA (BULG.MI) in an 3.7 billion-euro all-share deal, paying a premium of almost 60 percent for the high-end watches and jewellery maker. LVMH (LVMH.PA), the world's number-one luxury goods company, will add Bulgari to its stable of brands -- that includes Louis Vuitton handbags, Chaumet jewellery and Krug champagne -- in order to tap surging demand from emerging markets. Bulgari has long been seen as a potential target after it embarked on major investments when its sales were falling in the 2009 spending slump.
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