Brief: Unifiedpost Group Announces Divestment Of Stand-Alone Products Fitekin And Onea

Banqup SA

01/08/2023 06:19

Aug 1 (Reuters) - Unifiedpost Group SA  UPG.BR :
    * REG-UNIFIEDPOST GROUP ANNOUNCES DIVESTMENT OF THE
STAND-ALONE
PRODUCTS FITEKIN AND ONEA
    * TRANSACTION WILL HAVE AN IMPACT ON BUSINESS IN BELGIUM,
ESTONIA,
LITHUANIA, LATVIA, SLOVAKIA, POLAND AND SERBIA
    * BALTCAP, A PRIVATE EQUITY FUND IN BALTIC STATES AND A
FORMER
SHAREHOLDER OF FITEK, HAS BEEN SELECTED AS BUYER FOR DIVESTMENT
OF THESE ASSETS
    * BALTCAP WILL ACQUIRE THESE ASSETS FOR A CASH VALUE OF EUR
7.200.000
    * TRANSACTION IS EXPECTED TO BE COMPLETED BY Q4 2023,
SUBJECT TO
COMPLETION OF ALL NECESSARY DEMERGER STEPS

Source text for Eikon:  ID:nGNE6Vs9P5 
Further company coverage:  UPG.BR 

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