Brief: Izoblok To Sell Stake In Germany-Based Unit For Total Of EUR 4.5 Mln

Izoblok SA

10/01/2020 16:02

Jan 10 (Reuters) - Izoblok SA  IZB.WA :
    * SAYS THE COMPANY AND ITS GERMANY-BASED UNIT HAVE SIGNED AN
INVESTMENT AGREEMENT WITH FUNDUSZ EKSPANSJI ZAGRANICZNEJ FIZ
AKTYWÓW NIEPUBLICZNYCH
    * UNDER SAID AGREEMENT FUNDUSZ EKSPANSJI ZAGRANICZNEJ FIZ
AKTYWÓW
NIEPUBLICZNYCH IS TO BUY FROM THE COMPANY 10,695 SHARES IN THE
COMPANY'S UNIT FOR THE TOTAL PRICE OF 4.5 MILLION EUROS AS WELL
AS ACQUIRE 1,188 NEW SHARES IN THE INCREASED CAPITAL OF THE UNIT
FOR THE TOTAL OF 0.5 MILLION EUROS
    * FOLLOWING THAT TRANSACTION FUNDUSZ WILL HOLD 23.21% STAKE
IN THE
COMPANY'S UNIT, WHEREAS THE COMPANY WILL HOLD 76.79% STAKE

    
 Source text for Eikon:  IZB.WA 
    
 Further company coverage:  urn:newsml:reuters.com:*:nEM44br4pa 
   


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