Brief: Arlen Signs MoU For Potential Investment In Czech Specialized Footwear Producer Prabos Plus
BRIEF-Arlen Signs MoU For Potential Investment In Czech Specialized Footwear Producer Prabos Plus Aug 19 (Reuters) - Arlen SA ARL1.WA:
SIGNS MOU FOR POTENTIAL INVESTMENT IN PRABOS PLUS
FIRST STAGE OF TRANSACTION UNDER MOU INVOLVES ACQUISITION OF 60% STAKE IN PRABOS PLUS FOR EUR 6.4 MILLION BY SEPT 30, 2026
TO BUY ADDITIONAL 15.66% OF PRABOS IN SECOND STAGE
PRICE PER SHARE FOR SECOND STAGE TO MATCH FIRST STAGE
PRABOS IS A CZECH PRODUCER OF SPECIALIZED, MILITARY, TACTICAL, TREKKING AND WORK FOOTWEAR
Source text: ID:nEMbhVLZFa
Further company coverage: ARL1.WA
(Reporting by Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))
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