Brief: ILPRA Buys 30% Of Ponapack

ILPRA SpA

28/11/2022 16:43

Nov 28 (Reuters) - ILPRA SpA  ILP.MI :
    * SIGNS BINDING AGREEMENT TO BUY 30% OF PONAPACK
    * TO BUY 21% OF PONAPACK'S SHARE CAPITAL FOR EUR 700,000 BY
APRIL
2023 AND THE REMAINING 9% AT CLOSING FOR EUR 300,000
    * STAKE INCLUDES B-SHARES FOR A TOTAL OF 51% VOTING RIGHTS
    * DEAL INCLUDES CALL OPTION TO BUY A FURTHER 21% STAKE IN
PONAPACK
TO BE EXERCISED BY DEC 31, 2026

Further company coverage:  ILP.MI 
 (Reporting by Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48587720920;))