Brief: Eagle Football Sells OL Vallee Arena to Holnest, Investors

Eagle Football SA

06/06/2024 07:07

June 6 (Reuters) - Eagle Football Group SA  EEFG.PA :
    * EAGLE FOOTBALL GROUP ANNOUNCES SIGNATURE OF AN AGREEMENT
WITH
HOLNEST AND A GROUP OF INVESTORS AND INSTITUTIONS, FOR SALE OF
ALL SHARES IN OL VALLÉE ARENA
    * TRANSACTION WAS AUTHORIZED BY BOARD OF DIRECTORS ON JUNE
5, 2024
    * SALE OF 100% OF COMPANY'S SHARES AND CURRENT ACCOUNT OF
EAGLE
FOOTBALL GROUP IS WORTH AROUND EUR70 MILLION
    * TRANSACTION IS EXPECTED TO CLOSE ON JUNE 12
    * TRANSACTION WILL BE SETTLED IN FORM OF EAGLE FOOTBALL
GROUP
SHARES HELD BY HOLNEST FOR AROUND EUR 16 MILLION, AND BALANCE IN
CASH FOR AROUND EUR54 MILLION

Source text for Workspace:  ID:nACT86154 
Further company coverage:  EEFG.PA 

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