Brief: Comer Industries To Buy 100% OF WPG Holdco

Comer Industries

15/07/2021 06:37

July 15 (Reuters) - Comer Industries SpA  COME.MI ,
Walterscheid Powertrain Group:
    * COMER INDUSTRIES HAS SIGNED BINDING AGREEMENT WITH WPG
PARENT
B.V. FOR THE ACQUISITION OF 100% OF WPG HOLDCO B.V.
    * ACQUISITION FOR CONSIDERATION OF ABOUT EUR 203 MLN, WITH 
CASH
OUTLAY OF EUR 40 MLN
    * WPG HOLDCO IS THE PARENT COMPANY OF WALTERSCHEID
POWERTRAIN
GROUP
    * AGREEMENT ENVISAGES THE ENTRY OF  WPG PARENT IN THE
CAPITAL OF
COMER INDUSTRIES WITH STAKE OF 28.00%
    * WPG PARENT IS THE CURRENT SOLE SHAREHOLDER OF WPG HOLDCO

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIA24sQ9Q
    
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