Brief: UET Raises Debt Capital And Will Buy Back Existing Remaining Minority Stakes
25/06/2019 09:57
June 25 (Reuters) - UET United Electronic Technology AG
CFCG.DE :
* RAISES DEBT CAPITAL AND WILL BUY BACK EXISTING REMAINING
MINORITY STAKES
* FINANCING FACILITY OF EUR 12,500,000.00 DEBT FOR FUTURE
GROWTH
* REPURCHASE OF REMAINING EXISTING MINORITY INTERESTS IN
GROUP
* DEBT TO EQUITY CONVERSION OF EXISTING LIABILITIES
* FINAL CLOSING OF TRANSACTION IS SCHEDULED FOR END OF JUNE
2019.
* TRANSACTION FURTHERMORE INTENDS TO CONVERT LIABILITIES
TOTALING
EUR 3.2 MILLION WITH A DEBT TO EQUITY SWAP THROUGH A CAPITAL
INCREASE
Source text for Eikon: ID:nEQ8cWJvha
Further company coverage: CFCG.DE
(Gdynia Newsroom)
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