Brief: Kervan Gida Signs Agreement To Acquire ZPC Otmuchow For EUR 16.7 Million

Kervan Gida Sanayi ve Ticaret

06/05/2021 07:30

May 6 (Reuters) - KERVAN GIDA  KRVGD.IS :
    * SAID ON WEDNESDAY SIGNS SHARE TRANSFER AGREEMENT TO BUY
MAJORITY
STAKE IN ZPC OTMUCHOW AND MINORITY STAKE IN PWC ODRA VIA KERVAN
INTERNATIONAL AB
    * TO PAY EUR 16.7 MILLION FOR ZPC OTMUCHOW AND PWC ODRA
SHARES
    * KERVAN GIDA TO BE MAIN SHAREHOLDER IN ZPC OTMUCHOW AFTER
TRANSACTIONS
    * EXPECTS TO COMPLETE TRANSACTION UNTIL THE END OF Q2 2021
    * TO INCREASE PRODUCTION CAPACITY BY AROUND 52% AFTER
ACQUISITION
IS COMPLETED

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nIKA2XXTxt
    
 Further company coverage:  KRVGD.IS  
   


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