Brief: Indian Uno Minda Group To Invest EUR 15 Mln For 5.24% Of Equity Of Friwo

FRIWO AG

06/05/2022 10:17

May 6 (Reuters) - FRIWO AG  CEAG.DE :
    * INDIAN UNO MINDA GROUP TAKES STAKE IN FRIWO
    * CAPITAL INCREASE EXPECTED TO BE COMPLETED IN Q2 2022
    * EQUITY RATIO OF FRIWO IS EXPECTED TO RISE TO MORE THAN 25%
    * PREPARATIONS FOR JOINT VENTURE TO OPEN UP HUGE INDIAN TWO-
AND
THREE-WHEELER MARKET HAVE BEGUN - MARKET-LEADING POSITION IS
TARGETED
    * PREPARATIONS FOR JOINT VENTURE TO OPEN UP HUGE INDIAN TWO-
AND
THREE-WHEELER MARKET HAVE BEGUN - MARKET-LEADING POSITION IS
TARGETED
    * UNO MINDA GROUP WILL BE INVESTING 15 MILLION EURO FOR
5.24% OF
EQUITY OF FRIWO AG

Source text for Eikon:  ID:nEQ22HN3ba 
Further company coverage:  CEAG.DE 

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