Brief: Echo Investment Signs Prelim Agreement On Transfer Of Residential Business Division To Archicom

Archicom SA

18/04/2023 07:51

April 18 (Reuters) - Echo Investment SA  ECH.WA :
    * SIGNS PRELIM AGREEMENT WITH ARCHICOM ON TRANSFER OF
COMPANY'S
OGANISED PART OF ENTERPRISE OPERATING IN IMPLEMENTATION AND SALE
OF HOUSING PROJECTS TO ARCHICOM
    * THE SUBJECT OF TRANSACTION WILL NOT BE COMPANY'S ASSETS
RELATED
TO REALISATION OF APARTMENTS FOR RENT (SO-CALLED PRIVATE RENTED
SECTOR)
    * TRANSACTION WILL CONSIST IN CONTRIBUTING BY COMPANY TO
ARCHICOM
NON-CASH CONTRIBUTION IN FORM OF "RESIDENTIAL BUSINESS DIVISION
OF ECHO INVESTMENT" IN EXCHANGE FOR NEW SHARES ISSUED BY
ARCHICOM
    * PARTIES EXPECT TRANSACTION TO BE FINALISED IN JULY

Source text for Eikon:  ID:nEM2ZCX9na 
Further company coverage:  ECH.WA 

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