Frasers' bid for Hugo Boss turns unconditional after EU nod

July 28 (Reuters) - British retailer Frasers said on Tuesday that its takeover offer for German fashion house Hugo Boss had become unconditional after winning the European Union's clearance.

Here are some more details:

• Frasers, Hugo Boss' largest shareholder with an over 30% stake, had launched its voluntary €38-per-share cash offer for the Metzingen-based group in June, valuing it at roughly €2 billion ($2.27 billion).

• Hugo Boss has since urged its shareholders to reject the offer, saying it was "financially inadequate".

• The European Commission cleared the deal on Monday, removing the final regulatory hurdle and making Frasers' offer for Hugo Boss unconditional.

• The bid now remains open for Hugo Boss shareholders to accept the offer until August 13.

• The acquisition will add to Frasers' founder Mike Ashley's retail empire, which includes substantial stakes in ASOS, Puma and Debenhams, among others.

($1 = 0.8798 euros)

(Reporting by Anushka Chourasia in Bengaluru; Editing by Sonia Cheema)