Brief: Karsan Says It Terminates Partnership In Industria Italiana Autobus S.p.A.
01/07/2024 07:08
July 1 (Reuters) - KARSAN OTOMOTİV SANAYİİ VE TİCARET
KARSN.IS :
* SAID ON FRIDAY IT DID NOT EXERCISE ITS RIGHT TO
PARTICIPATE IN
TRANSACTIONS IN PROPORTION TO ITS EXISTING SHARES AND DID NOT
EXERCISE ITS RIGHT TO RETAIN ITS SHARES IN INDUSTRIA ITALIANA
AUTOBUS S.P.A, AND THEREFORE ITS SHAREHOLDING IN IIA WAS
TERMINATED
* KARSAN SAYS IT HAS TAKEN THIS DECISION IN ORDER TO INVEST
IN
SUSTAINABLE GROWTH IN EUROPE WITH ITS OWN BRAND AND TO FURTHER
INCREASE ITS EFFECTIVENESS AND FOCUS WITH KARSAN BRAND
Source text for Workspace: urn:newsml:reuters.com:*:nIKA1Phj35
Further company coverage: KARSN.IS
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((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))
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