Brief: Hungary's 4iG says signs deal to purchase 20% of Israeli Spacecom

4ig.

29/09/2022 13:02

Sept 29 (Reuters) - Hungarian IT group 4iG Nyrt
 IGNY.BU  says in statement:
    * SIGNS DEAL TO PURCHASE 20% OF SPACECOM'S SHARES IN PUBLIC
AND
PRIVATE SHARE ISSUE IN ACCORDANCE WITH THE APPROVAL OF THE
ISRAELI MINISTRY OF COMMUNICATIONS
    * THIS IS THE FIRST STEP OF MULTI-STEP TRANSACTION AIMING TO
ACQUIRE 51% SHARE PACKAGE OF SPACECOM
    * IN THREE YEARS AFTER CLOSING THE FIRST STEP OF THE
TRANSACTION 
4IG CAN INCREASE ITS SHARE IN SPACECOM BY ADDITIONAL 31% PENDING
APPROVALS
    * ISRAELI MINISTRY OF COMMUNICATIONS AND SHAREAHOLDERS HAVE
TO
AGREE TO FURTHER ACQUISITION
    * SPACECOM IS LISTED ON THE TEL AVIV STOCK EXCHANGE AND
OFFERS
BROADCAST AND BROADBAND SATELLITE SERVICES

Source text for Eikon: [https://bse.hu/newkibdata/128786085/4iG_20220929_RT_SPACECOM_ENG.pdf
]
Further company coverage:  IGNY.BU 
 (Reporting by Krisztina Than and Anita Komuves)
 ((KOMUVES.Anita@thomsonreuters.com;))