Brief: ASM Group Updates On Acquisition Of Company Operating In Germany, Austria And Switzerland

ASM SA

31/05/2018 12:05

May 31(Reuters) - ASM Group SA  ASMG.WA :
    * SAID ON WEDNESDAY IT HAS TAKEN FURTHER STEPS IN THE
PROCESS OF
ACQUIRING A 91.6 PERCENT STAKE IN A HOLDING COMPANY FOR THE
CAPITAL GROUP OPERATING IN GERMANY, AUSTRIA AND SWITZERLAND
    * THE HOLDING COMPANY WILL BE ACQUIRED BY A SPECIAL PURPOSE
VEHICLE FENTUS 91.GMBH (SUBSEQUENTLY TO OPERATE UNDER NAME ASM
GERMANY GMBH)
    * UNDER THE PREVIOUSLY SIGNED INVESTMENT AGREEMENT WITH AN
INVESTMENT FUND FUNDUSZ EKSPANSJI ZAGRANICZNEJ FIZAN (THE FUND)
THE FUND HAS ACQUIRED 49.9 PERCENT STAKE IN FENTUS 91.GMBH FROM
THE COMPANY FOR 13,723 EUROS
    * THE COMPANY AND THE FUND HAVE ALSO RESOLVED TO
RECAPITALISE
FENTUS 91.GMBH BY 8.8 MILLION EUROS EACH
    * TOTAL FINANCING FOR THE ACQUISITION SHOULD NOT EXCEED 23.3
MILLION EUROS

    
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 Further company coverage:  ASMG.WA  
   


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