Brief: CdR Advance Capital Approves Partial Demerger Of Assets In Favour Of Borgosesia

ABC SpA SB

29/10/2018 07:45

Oct 29(Reuters) - CdR Advance Capital SpA  CDRU.MI :
    * ANNOUNCED ON FRIDAY ITS BOARD OF DIRECTORS APPROVED
PARTIAL
DEMERGER OF ITS ASSETS IN FAVOUR OF BORGOSESIA SPA (BGS)
CONDITIONALLY ON EXECUTION OF CERTAIN CORPORATE TRANSACTIONS
AMONG WHICH EXERCISE OF WARRANTS 2012-2022
    * DEMERGER ENVISAGES TRANSFER OF ALL COR ASSETS TO BGS
EXCEPT FOR
CASH AND CASH EQUIVALENTS OF EUR 200,000 OR HIGH SECURITIES
LIQUIDABILITY OF EQUAL VALUE AND IS CONDITIONED
    * APPROVED AS WELL CONDISTIONS FOR THE FIRST ISSUANCE OF
BOND LOAN
"JUMBO 2018-2025 2.75%"
    * APPROVED SALE OF PART OF 43.83 PCT STAKE IN ADVANCE SIM
SPA FOR
EUR 2.1 MLN

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIA9MTLMm,  urn:newsml:reuters.com:*:nBIA1ctxHf
    
 Further company coverage:  CDRU.MI  
   


 (Gdynia Newsroom)
 ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))