Brief: Feike To Take Over 100% Of Valens Bank Ltd

Defraq Ventures AG

10/05/2018 14:05

May 10 (Reuters) - FEIKE AG  FKEG.F :
    * HAS ENTERED INTO AN AGREEMENT WITH VALENS BANK LTD., IN
WHICH
FEIKE AG WILL TAKE OVER 100% OF VALENS BANK LTD
    * TAKE-OVER WILL TAKE PLACE VIA A CAPITAL INCREASE IN KIND
OF
SHARES
    * AS PART OF PROCESS, FEIKE AG WILL CHANGE NAME TO VALENS
AG, AND
COMPANY WILL FROM TODAY USE VALENS AS A BRAND NAME

Source text for Eikon:  ID:nPexklBp9a 
Further company coverage:  FKEG.F 

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