Brief: Waterland, Baltisse Sell About 7.25% Stake in Fagron for EUR 84.42 mln

Fagron NV

09/09/2019 06:15

Sept 9 (Reuters) - FAGRON NV  FAGRO.BR :
    * WATERLAND AND BALTISSE HAVE SUCCESSFULLY COMPLETED A
PRIVATE
SALE OF SHARES IN FAGRON
    * BEEN INFORMED BY HOLDCO, JOINTLY OWNED BY WATERLAND
PRIVATE
EQUITY FUND VI C.V. AND BALTISSE NV, OF PRIVATE SALE OF 5.2
MILLION SHARES
    * SHARES HAVE BEEN SOLD AT A PRICE OF EUR 16.20 PER SHARE,
SAME
PRICE AS LAST PRIVATE PLACEMENT OF HOLDCO IN JULY 2019
    * FOLLOWING THE PRIVATE SALE, HOLDCO HOLDS C. 12.98% OF
FAGRON'S
CURRENT OUTSTANDING CAPITAL
    * THIS RESULTS IN AN OVERALL AMOUNT OF C. EUR 84.42 MILLION
    * THE SHARES HAVE BEEN SOLD ON FRIDAY TO ONE LONG-ONLY
INSTITUTIONAL INVESTOR, WHICH WILL NOW HOLD A TOTAL STAKE OF C.
7.25% OF FAGRON'S CURRENT OUTSTANDING CAPITAL ON AN AGGREGATE
BASIS
    * 

Further company coverage:  FAGRO.BR 

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