Brief: Digital music company Believe buys 15% stake in Philippines' Viva Music & Artists Group (VMAG) for 23 mln euros

Believe SA

02/12/2021 06:35

Dec 2 (Reuters) - Believe SA  BLV.PA :
    * REG-BELIEVE REINFORCES ITS LEADERSHIP POSITION  IN
SOUTH-EAST
ASIA THROUGH A STRATEGIC PARTNERSHIP WITH VIVA MUSIC AND ARTISTS
GROUP
    * STRATEGIC PARTNERSHIP WITH VIVA MUSIC AND ARTISTS GROUP
(VMAG),
LEADING LABEL IN PHILIPPINES AND AMONG BIGGEST IN SOUTH EAST
ASIA
    * IS INVESTING IN VMAG BY PURCHASING SHARES REPRESENTING 15%
OF
TOTAL SHARE CAPITAL FOR A CONSIDERATION OF EUR 23 MILLION
    * BELIEVE HAS ACQUIRED A 15% STAKE IN VMAG.
    * BELIEVE IS INVESTING IN VMAG BY PURCHASING SHARES
REPRESENTING
15% OF TOTAL SHARE CAPITAL FOR A CONSIDERATION OF EUR 23
MILLION.

Source text for Eikon:  ID:nGNEcdmCrK 
Further company coverage:  BLV.PA 

 (Reporting by Sudip Kar-Gupta)
 ((sudip.kargupta@thomsonreuters.com;))