Brief: Akwel Plans to Put Buyout Offer On Novares Group On Hold

Akwel SA

22/05/2020 17:07

May 22 (Reuters) - AKWEL SA  AKW.PA :
    * INFORMATION ON THE BUYOUT OFFER ON NOVARES GROUP
    * REMAINS IN TALKS WITH ALL STAKEHOLDERS WITH A VIEW TO
LOOKING
INTO THIS OPPORTUNITY FOR A BUSINESS COMBINATION OVER SHORT OR
MEDIUM TERM
    * INFORMED JUDICIAL ADMINISTRATORS FHB THAT IT IS NOT
CURRENTLY IN
A POSITION TO SATISFY CONDITIONS PRECEDENT RELATING TO ITS OFFER
    * INDICATED THAT IT WOULD NOT BE POSSIBLE IN JUST FOUR WEEKS
TO
OBTAIN PRIOR AUTHORISATIONS REQUIRED FROM COMPETITION
AUTHORITIES

Source text for Eikon:  ID:nGNE2Tz3CQ 
Further company coverage:  AKW.PA 

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