May 14 (Reuters) - EPH Invest SpA EPHS.MI:
SAID ON WEDNESDAY HAD SIGNED BINDING TERM SHEET FOR STRATEGIC INVESTMENT IN EDRON
TO ACQUIRE 40% STAKE IN EDRON
TO ACQUIRE INITIAL 30% EDRON STAKE BY JUNE 30 FOR EUR 600,000
TO PROVIDE EUR 400,000 SHAREHOLDER LOAN TO EDRON
EDRON PRE-MONEY VALUATION SET AT EUR 2 MLN
DEAL ENABLES EPH ENTRY INTO CIVIL, MILITARY DRONE TECHNOLOGY SECTOR
EPH SHARES ISSUED IN DEAL SUBJECT TO SIX-MONTH LOCK-UP
Further company coverage: EPHS.MI
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))