Brief: Larq unit sells 3.85 pct stake in Nextbike Polska for 2.5 mln zlotys

Larq SA

20/12/2016 16:13

Dec 20 (Reuters) - Larq SA  LRQ.WA : 
    * Its wholly-owned unit, Kinglet 7 Sp. z o.o., signs deal to 
sell 3.85 percent stake in Nextbike Polska SA for 2.5 million 
zlotys ($588,942.02) under PRE-IPO proceedings 
    * If until June 30, 2018 the IPO of Nextbike Polska does not 
go through, each investor has the right to resell the shares 
held by him in favor of Kinglet 7 at the indicated higher price 
per share 
 
Source text for Eikon:  ID:nEM2076143  
Further company coverage:  LRQ.WA  
 
($1 = 4.2449 zlotys) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))