Brief: BAIN Signs Contract To Sell Agricultural Business For Between 70-80 Mln Euros

Borges Agricultural & Industrial Nuts SA

26/04/2024 10:33

April 26 (Reuters) - Borges Agricultural & Industrial Nuts SA  BAINS.MC :
    * BAIN AND NATURAL CAPITAL IBERIA HOLDCO S.À.R.L FUND.(THE BUYER) HAVE SIGNED A CONTRACT OF
PURCHASE AND SALE FOR DISPOSAL OF ALL SHARES AND SOCIAL PARTICIPATIONS
    * WILL DISPOSE OF STAKES IN BAIN EXTREMADURA AND BAIN ANDALUCIA, AMENDOAS HERDADE DA
PALHETA,
AMENDOAS HERDADE DA PALHETA II, BSJ – FRUTOS SECOS DE MOURA, AND BSJ2 – AMENDOAS DE MOURA
    * EXPECTED THAT BUYER WILL MANAGE ASSETS OWNED BY AFOREMENTIONED COMPANIES THROUGH ITS
STRATEGIC
PARTNER BOLSCHARE AGRICULTURE
    * EXECUTION OF THE OPERATION, WOULD INVOLVE SALE OF GROUP'S AGRICULTURAL BUSINESS FOR A
VALUE
BETWEEN 70 AND 80 MILLION EUROS
    * BAIN'S BOARD OF DIRECTORS HAS AGREED TO CALL AN EXTRAORDINARY GENERAL MEETING OF
SHAREHOLDERS OF
CO TO SUBMIT TRANSACTION TO APPROVAL

Source text for Eikon:  ID:nCNM4LrqX4 
Further company coverage:  BAINS.MC 

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