Brief: Lentex Unit Signs Letter Of Intent For Sale Of Stake In Baltic Wood

Lentex SA

23/07/2019 09:48

July 23 (Reuters) - Lentex SA  LTX.WA :
    * SAID ON MONDAY THAT ITS UNIT GAMRAT THAT IT HAS SIGNED
NON-BINDING LETTER OF INTENT WITH A FOREIGN INVESTOR   
    * UNDER LETTER OF INTENT THE INVESTOR PLANS TO BUY 100%
STAKE IN
BALTIC WOOD, IN WHICH GAMRAT HOLDS 79.50% STAKE 
    * UNDER LETTER OF INTENT INVESTOR ALSO PLANS TO CONDUCT DUE
DILIGENCE OF BALTIC WOOD BEFORE THE SALES CONTACT IS CONCLUDED
    * THE PARTIES INTEND TO CARRY OUT THE TRANSACTION IN TWO
TRANCHES,
FIRST FOR 75% SHARES AND SECOND FOR 25% SHARES
    * THE PRICE FOR FIRST TRANCHE HAS BEEN SET AT EUR 10.6 MLN 

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM8Mk50va
    
 Further company coverage:  LTX.WA  
   


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