Brief: KME Group Unit Signs Business Combination With Cunova

KME SpA

21/08/2023 06:41

Aug 21 (Reuters) - KME Group SpA  KME.MI :
    * UNIT SIGNS MEMORANDUM OF UNDERSTANDING WITH CUNOVA
    * MEMORANDUM OF UNDERSTANDING TARGETS BUSINESS COMBINATION
BETWEEN
CUNOVA AND NEWLY CREATED COMPANY SDCL EDGE
    * BUSINESS COMBINATION TO CREATE NEWLY FORMED UK HOLDING
COMPANY,
EXPECTED TO BE LISTED ON NYSE
    * AFTER BUSINESS COMBINATION, UNIT IS EXPECTED TO CONVERT
CUNOVA'S
SHARE INTO SHARE OF NEWLY CREATED COMPANY LISTED ON NYSE
    * IS EXPECTED TO HOLD MAJORITY STAKE IN THE COMBINED ENTITY
OF
AROUND 51% OF SHARE CAPITAL LISTED ON NYSE

Further company coverage:  KME.MI 

 (Reporting by Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48587720920;))