Brief: GAM's Unit Buys 51% Of Grupo Dinamo Hispaman For 8 Mln Euros

General de Alquiler de Maquinaria SA

31/01/2022 08:22

Jan 31 (Reuters) - General de Alquiler de Maquinaria SA
 GALQ.MC :
    * THROUGH ITS SUBSIDIARY GENERA HAS ACQUIRED 51% OF THE
SHARE
CAPITAL OF GRUPO DINAMO HISPAMAN S.L. (GDH) FOR A TOTAL OF 8
MILLION EUROS
    * TRANSACTION WAS COMPLETED THROUGH THE PURCHASE AND SALE OF
25%
OF GDH AND SUBSEQUENT INCREASE IN ITS SHARE CAPITAL TO THE FINAL
STAKE
    * TRANSACTION INCLUDES CALL OPTIONS ON SHARES REPRESENTING
THE
REMAINING 49% OF GDH SHARE CAPITAL, WHICH MAY BE EXERCISED
WITHIN 3 YEARS AT A PRICE TO BE DETERMINED BASED ON GDH'S
PERFORMANCE

Source text for Eikon:  ID:nCNM7tRJ6W 
Further company coverage:  GALQ.MC 

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