Brief: Gimv, Paragon To Sell 100% In WEMAS to Sekisui Jushi Corporation

Gimv NV

08/12/2023 11:12

Dec 8 (Reuters) - Gimv NV  GIMV.BR :
    * WEMAS PARTNERS WITH SEKISUI JUSHI CORPORATION (“SJC”) TO
PURSUE
FURTHER EXPANSION AFTER GROWTH JOURNEY ALONGSIDE GIMV AND
PARAGON PARTNERS
    * GIMV, PARAGON PARTNERS (“PARAGON”) AND ITS MINORITY
INVESTORS
ARE TO SELL 100% IN WEMAS TO SEKISUI JUSHI CORPORATION
    * THE TRANSACTION HAS NO SIGNIFICANT IMPACT ON  THE NET
ASSET
VALUE OF GIMV AS OF 30 SEPTEMBER  2023. OVER THE ENTIRE HOLDING
PERIOD GIMV  REALIZES A RETURN IN LINE WITH THE LONG-TERM 
PORTFOLIO RETURN TARGET. NO FURTHER FINANCIAL  DETAILS WILL BE
DISCLOSED
    * OVER THE ENTIRE HOLDING PERIOD GIMV REALIZES A RETURN IN
LINE
WITH THE LONG-TERM PORTFOLIO RETURN TARGET

Source text for Eikon:  ID:nNDL4PrQbh 
Further company coverage:  GIMV.BR 

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