Brief: Kme Group SpA Says Agreement With Golden Dragon To Sell KME's 50% Shareholding Of "KMD" JV And Acquire 100% Shares Of KMD Connectors Stolberg

KME SpA

13/12/2022 18:51

Dec 13 (Reuters) - KME Group SpA  KME.MI :
    * AGREEMENT WITH GOLDEN DRAGON TO SELL KME'S 50%
SHAREHOLDING OF
"KMD" JV AND ACQUIRE 100% SHARES OF KMD CONNECTORS STOLBERG
 KME.MI 
    * PRICE OF SALE OF 50% OF JOINT VENTURE COMPANY IS
APPROXIMATELY
USD 50 MILLION
    * PRICE FOR RE-ACQUISITION OF STOLBERG IS APPROXIMATELY USD
17
MILLION
    * WILL ALSO CASH IN OUTSTANDING INTERCOMPANY POSITIONS AND
SHAREHOLDER LOAN FOR A TOTAL AMOUNT OF AROUND USD 20 MILLION

Source text for Eikon:  ID:nBIA1yxTRT 
Further company coverage:  KME.MI 
 ((Reuters.Briefs@thomsonreuters.com;))