Brief: Aqualis Announces The Sale Of Its 49.9% Stake In Adler Solar
03/05/2018 15:44
May 3 (Reuters) - Aqualis ASA AQUA.OL :
* AQUALIS ANNOUNCES THE SALE OF ITS 49.9% STAKE IN ADLER SOLAR - EXTENDED
* AQUALIS HAS ENTERED INTO A PURCHASE AND TRANSFER AGREEMENT WITH D2D4
* SELLS ITS 49.9% INVESTMENT IN ADLER SOLAR AND A SEPARATE EUR 349 THOUSAND SHAREHOLDER LOAN
* D2D4 WILL PAY A CASH CONSIDERATION OF EUR 250 THOUSAND FOR SHARES AND SHAREHOLDER LOAN
* AN EARN-OUT CLAUSE THAT MAY RELEASE UP TO EUR 349 THOUSAND DEPENDING ON FINANCIAL
PERFORMANCE
* TRANSACTION WILL AT CLOSING HAVE A POSITIVE CASH EFFECT OF EUR 250 THOUSAND, BEFORE ANY
TRANSACTION COSTS AND FUTURE EARN OUT.
* ESTIMATED TIME OF CLOSING IS WITHIN NEXT FEW WEEKS.
Source text for Eikon: ID:nObi9vlCCa
Further company coverage: AQUA.OL
(Gdynia Newsroom)
((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))