Brief: TIG, Kvarko Sign Investment Agreement With Farm Innovations

Erato Energy SA

01/12/2017 16:55

Dec 1 (Reuters) - Tech Invest Group SA (TIG)  TIGP.WA : 
    * KVARKO SP. Z O.O, COMPANY AND OTHER PARTNERS OF FARM INNOVATIONS SP. Z 
O.O. (FI) 
SIGN INVESTMENT AGREEMENT WITH FARM INNOVATIONS SP. Z O.O. 
    * CO OWNS 33.33 STAKE IN KVARKO WHICH IS TO INVEST 0.6 MILLION ZLOTYS IN FI 
IN 
EXCHANGE FOR 170 SHARES IN FI 
    * KVARKO TO OWN 29.82 PERCENT STAKE IN FI AND TIG TO OWN 28.07 PERCENT IN FI 
FOLLOWING AGREEMENT 
    * FI ALSO TO RECEIVE 2.4 MILLION ZLOTY SUBSIDY FOR DEVELOPMENT FROM POLAND'S 
NATIONAL CENTRE FOR RESEARCH AND DEVELOPMENT (NCBR) 
 
Source text for Eikon:  ID:nEMv6fZxa  
Further company coverage:  TIGP.WA  
 
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