Brief: Intek Group Sign Deal With Paragon On Transfer Of Control Of KME Specials Business

KME SpA

16/06/2021 06:27

June 16 (Reuters) - Intek Group SpA  IKG.MI :
    * AGREEMENT WITH PARAGON ON THE TRANSFER OF CONTROL OF KME
SPECIALS BUSINESS 
    * DEAL ENVISAGES ESTABLISHMENT OF COMPANY – OWNED BY PARAGON
AT
55%, BY KME AT 45% ‐ TO WHICH KME SPECIALS BUSINESS WILL  BE
CONTRIBUTED
    * TRANSACTION WILL BRING TO KME OVERALL PROCEEDS OF €
260‐280
MILLION

Source text for Eikon:  ID:nBIA9YTb60 
Further company coverage:  IKG.MI 

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