Brief: Latecoere Approves Capital Increase, Appoints Thierry Mootz As CEO

Latecoere SA

13/07/2021 08:46

July 13 (Reuters) - Latecoere SA  LAEP.PA :
    * BOARD APPROVES CAPITAL INCREASE OF ABOUT EUR 193 MILLION
    * THIERRY MOOTZ BECOMES CEO OF THE GROUP AND GREG HUTTNER,
DEPUTY
CEO, EFFECTIVE ON AUGUST 2, 2021
    * CAPITAL INCREASE OF ABOUT EUR 193 MILLION FULLY GUARANTEED
BY
SEARCHLIGHT CAPITAL PARTNERS, AS PART OF GLOBAL RECAPITALIZATION
OF ABOUT EUR 323 MILLION
    * POTENTIAL ACQUISITION OF TECHNICAL AIRBORNE COMPONENTS
FROM
SEARCHLIGHT CAPITAL PARTNERS FOR ABOUT EUR 30 MILLION

Source text for Eikon:  ID:nNDL1LzrYL 
Further company coverage:  LAEP.PA 

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