Brief: Dutch Star Companies TWO And Cabka Confirm Exclusive Discussions On Potential Business Combination

Cabka NV

14/12/2021 06:42

Dec 14 (Reuters) - DUTCH STAR COMPANIES TWO BV  DSC2.AS :
    * DUTCH STAR COMPANIES TWO AND CABKA CONFIRM EXCLUSIVE
DISCUSSIONS
ON FUTURE COOPERATION
    * DUTCH STAR COMPANIES TWO B.V. ("DSCT"), A SPECIAL PURPOSE
ACQUISITION COMPANY LISTED ON EURONEXT AMSTERDAM (SYMBOL: DSC2)
IS IN EXCLUSIVE DISCUSSIONS ON A POTENTIAL BUSINESS COMBINATION
WITH CABKA GROUP GMBH ("CABKA"), A LEADING INTEGRATED CIRCULAR
PRODUCTION COMPANY.
    * ENTERPRISE VALUE EUR 250M INCLUDING EUR 47M CAPITAL
INJECTION
    * DSCT AND CABKA HAVE ENTERED INTO A HEADS OF AGREEMENT,
VALUING
CABKA AT AN ENTERPRISE VALUE OF EUR 250 MILLION.
    * DSCT HAS FURTHER REACHED A SHARE PURCHASE AGREEMENT WITH
TWO
PASSIVE MINORITY SHAREHOLDERS
    * EUR 63 MILLION OF PROCEEDS WILL BE USED TO BUY OUT THESE
SHAREHOLDERS
    * OF PROCEEDS A FURTHER EUR 47 MILLION WILL BE USED AT
BUSINESS
COMBINATION AS CAPITAL INJECTION TO FUEL CABKA'S GROWTH STRATEGY
GOING FORWARD.

Source text for Eikon:  ID: 
Further company coverage:  DSC2.AS 

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