Brief: Iberpapel Grants Purchase Option On Its Forest Assets In Uruguay

Iberpapel Gestion SA

20/10/2022 06:35

Oct 20(Reuters) - IBERPAPEL GESTION SA  IBG.MC :
    * SAID ON WEDNESDAY THAT, THROUGH LOS EUCALIPTUS SA, IT HAD
GRANTED A PURCHASE OPTION ON ITS FOREST ASSETS LOCATED IN
URUGUAY THAT HAS AN EXTENSION OF 11,178 HECTARES AND REPRESENTS
ABOUT 40% OF IBERPAPEL'S FOREST ASSETS
    * THE EXERCISE PRICE OF THE OPTION IS ABOUT 50 MILLION EUROS
    * THE TERM FOR EXERCISING THE PURCHASE OPTION EXPIRES ON
FEBRUARY
9, 2023 AND UNTIL THAT DATE THE BUYER WILL HAVE EXCLUSIVITY FOR
THE ACQUISITION OF THE ASSETS
    * THE PROCESS IS EXPECTED TO BE COMPLETED IN THE COMING
MONTHS

        
 Source text: https://bit.ly/3CQFkTo
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