Brief: Havyard Group Signs Head Of Terms For Sale Of MMC First Process

Eqva ASA

15/04/2019 07:48

April 15 (Reuters) - Havyard Group ASA  HYARD.OL :
    * : HEAD OF TERMS FOR SALE OF MMC FIRST PROCESS
    * SIGNED A HEAD OF TERMS FOR SALE OF ITS 75% SHAREHOLDING IN
MMC
FIRST PROCESS AS
    * SALE OF ITS 75% SHAREHOLDING IN MMC FIRST PROCESS AS TO A
CONSORTIUM OF FIRST PROCESS HOLDING AS AND CREDO PARTNERS AS
BUYERS
    * AS PART OF TRANSACTION, HAVYARD GROUP ASA WILL PURCHASE
FROM MMC
FIRST PROCESS AS ITS 77% SHAREHOLDING IN MMC GREEN TECHNOLOGY AS
    * TRANSACTION EXPECTED TO PROVIDE SIGNIFICANT EFFECT ON CO'S
BOOKED EQUITY
    * TRANSACTION WILL ALSO FREE UP A SUBSTANTIAL AMOUNT OF
LIQUIDITY
FOR COMPANY

Source text for Eikon:  ID:nObi4v6Rla 
Further company coverage:  HYARD.OL 

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