Brief: Hi Media: BJ Invest acquires half of shares owned by Hi Media in HiPay

Adux SA

02/05/2016 07:42

May 2 (Reuters) - Hi Media Sa  HIMD.PA  
    * BJ Invest acquires half of shares owned by Hi Media in 
HiPay  HIPAY.PA  (equals to 10 pct of HiPay share capital), 
payed in part with Hi Media shares and in part in cash 
    * BJ Invest becomes first HiPay shareholder alongside Hi 
Media  
    * BJ Invest also acquires all HiPay shares owned by United 
Internet (8.7 pct of share capital) and stake owned till now by 
Cyril Zimmermann 
    * BJ Invest sells shares in Hi Media  - 10 pct is acquired 
back by Hi Media, and around 6 pct is acquired by Cyril 
Zimmermann, who increases stake in Hi Media  to around 12 pct 
 
Source text: http://bit.ly/1NNYZXI 
Further company coverage:  HIMD.PA  
 
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