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COLT Colt CZ SE News Story

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Brief: Colt CZ Group Completes Acquisition Of Synthesia Nitrocellulose

Jan 6 (Reuters) - Colt CZ Group SE CZG.PR:

COLT CZ GROUP SE ANNOUNCES CLOSING OF ACQUISITION OF SYNTHESIA NITROCELLULOSE

COLT CZ ACQUIRED 51% STAKE IN BOTH SYNTHESIA NITROCELLULOSE AND SYNTHESIA POWER FOR COMBINATION OF CASH CONSIDERATION IN AMOUNT OF CZK 5.5 BILLION AND NEW ISSUE OF 6,174,214 PIECES OF COLT CZ COMMON SHARES AT ISSUE PRICE OF CZK 732 PER SHARE

COLT CZ: ACQUISITION PRICE EQUALS CZK 10.0 BILLION IN TOTAL, AFTER DEDUCTION OF NET DEBT

COLT CZ: SELLING COMPANY KAPRAIN CHEMICAL LIMITED GAINED A 9.86% STAKE IN SHARE CAPITAL OF COLT CZ GROUP AND HAS BECOME THIRD LARGEST SHAREHOLDER OF COLT CZ

Source text: [ID:]

Further company coverage: CZG.PR

 ((jason.hovet@thomsonreuters.com;))

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