Brief: K2 Holding Sells Oktawave To Netia For 33.7 Mln Zlotys

Fabrity SA

22/06/2022 07:21

June 22 (Reuters) - K2 Holding SA  K2H.WA :
    * SAID ON TUESDAY IT HAS SIGNED DEAL WITH NETIA FOR SALE OF
REMAINING 90.1% STAKE IN CO'S UNIT OKTAWAVE FOR 28.0 MLN ZLOTYS
    * THE FULL PRICE OF 100% STAKE IN OCTAWAVE HAS BEEN SET AT
33.7
MLN ZLOTYS BASED ON THE ENTERPRISE'S "CASH FREE DEBT FREE" VALUE
MECHANISM
    * THE COMPANY HAS ALSO MADE COMMITMENT THAT ITS UNITS WOULD
REQUEST SERVICES FROM OKTAWAVE OF YEARLY VALUE OF UP TO 0.9 MLN
ZLOTYS UNTIL END-MAY, 2024


        
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM60dmZya
 Further company coverage:  K2H.WA  CPS.WA 

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