Brief: Globaltrans Agrees Sale Of 60% Stake In Syntezrail For RUB 1.13 Bln

Globaltrans Investment

31/08/2021 07:16

Aug 31 (Reuters) - Globaltrans Investment PLC  GLTRq.L :
    * SAYS SIGNED AGREEMENTS FOR SALE OF ITS ENTIRE HOLDING
(60%) OF
SYNTEZRAIL LTD (CYPRUS), WHICH OWNS 100% SHARE IN SYNTEZRAIL LLC
(RUSSIA), FOR A TOTAL CONSIDERATION OF RUB 1.13 BILLION
    * SAYS A GAIN OF APPROXIMATELY RUB 760 MILLION IS EXPECTED
FROM
THIS TRANSACTION
    * SAYS TRANSACTION SHALL BE CLOSED AND TRANSFER OF CONTROL
IS
EXPECTED TO TAKE PLACE PRIOR TO OCT 1, 2021


Further company coverage:  GLTRq.L 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))