Brief: Tech Invest Group withdraws from potential transaction with Grupa Jaguar

Erato Energy SA

20/07/2017 06:31

July 20 (Reuters) - TECH INVEST GROUP SA (TIG)  TIGP.WA : 
    * SAID ON WEDNESDAY THAT IT RESOLVED TO WITHDRAW FROM 
POTENTIAL TRANSACTION WITH GRUPA JAGUAR SA  
    * WITHDRAWAL IS A RESULT OF TAKING UNDER CONSIDERATION RISK 
OF THE TRANSACTION AND NECESSITY OF SUBSIDY TO GRUPA JAGUAR ON 
THE HIGHER THAN EXPECTED LEVEL  
    * THE COMPANY PLANNED TO ACQUIRE 90 PCT STAKE IN GRUPA 
JAGUAR IN EXCHANGE FOR TIG'S UNIT  urn:newsml:reuters.com:*:nL5N1FA1VJ 
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM5NFjY3a 
     
 Further company coverage:  TIGP.WA   
    
 
 
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