Brief: Drone Volt Increases Its Stake In Capital Of AERIALTRONICS to 100%

Drone Volt SA

09/09/2020 17:10

Sept 9 (Reuters) - DRONE VOLT SA  ALDRV.PA :
    * RISES TO 100% IN CAPITAL OF AERIALTRONICS
    * HAS PROCEEDED TO THE ACQUISITION OF CAPITAL NOT HELD, AS
WELL AS
OUTSTANDING WARRANTS
    * ACQUISITION OF THE BALANCE OF THE CAPITAL ANNOUNCED TODAY
WAS
CARRIED OUT ON A VALUATION BASIS OF 5 MILLION EUROS
    * ACQUISITION OF THE SHARES WILL BE CARRIED OUT IN THE FORM
OF A
SELLER'S CREDIT OVER 36 MONTHS AT A RATE INTEREST RATE OF 3%,
THUS LIMITING SHORT-TERM CASH FLOW

Source text for Eikon:  ID:nACT64938 
Further company coverage:  ALDRV.PA 

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