Brief: Clabo: SIMEST To Acquire 46 Pct In Clabo Holding USA Inc
16/10/2018 07:34
Oct 16 (Reuters) - Clabo SpA CLAB.MI :
* SAID ON MONDAY SIGNED AN AGREEMENT WITH SIMEST S.P.A FOR
ACQUISITION OF 46 PCT IN CLABO HOLDING USA INC THROUGH CAPITAL
INCREASE OF USD 2 MLN
* AGREEMENT ENVISAGES CLABO'S COMMITMENT TO REPURCHASE THE
INVESTMENT IN SIMEST IN 2026
* PROCEEDS FROM CAPITAL INCREASE TO BE ALLOCATED FOR
DEVELOPMENT
OF UNIT HOWARDMCCRAY
* WITH REGARD TO THE PROPOSED CAPITAL INCREASE AND IN
CONSIDERATION OF THE CURRENT MARKET CONDITIONS, CO IS
CONSIDERING RESTRUCTURING THE TIMING OF INVESTMENTS UNDER ITS
INDUSTRIAL PLAN 2018-2022 - CEO
* SIMEST SPA, TOGETHER WITH SACE, REPRESENTS THE EXPORT AND
INTERNATIONALIZATION BRANCH OF THE CASSA DEPOSITI E PRESTITI
GROUP (CDP)
Source text for Eikon: CLAB.MI
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