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LTX - Lentex SA News Story

PLN8.44 -0.1  -0.7%

Last Trade - 24/09/20

Sector
Consumer Cyclicals
Size
Small Cap
Market Cap £70.5m
Enterprise Value £81.6m
Revenue £58.4m
Position in Universe 200th / 748

BRIEF-Lentex in talks to sell stake in Novita

Tue 26th April, 2016 7:33am
April 26 (Reuters) - Lentex SA  LTX.WA : 
    * Said on Monday that it has launched negotiations to sell 
its entire 63.17 pct stake in Novita  NVT.WA  to Israel-based 
Vaporjet Ltd.  
    * Has signed a letter of intent with Vaporjet concerning the 
sale  
    * Vaporjet is an investor which produces spunlace fabrics 
    * Vaporjet plans to make a bid for 100 pct stake in Novita 
at 52.4 zlotys ($13.4) per share 
    * Lentex said that it has decided to sell the stake as its 
merger with Novita had not come through and the synergy effects 
had not been sufficient 
 
    
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM2533462 
     
 Further company coverage:  LTX.WA  and  NVT.WA  
    
 
($1 = 3.9171 zlotys) 
 
 (Gdynia Newsroom) 
 ((Gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;))
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