Brief: Groclin Signs Prelim. Agreement To Sell 51 Pct Stake In CADM Automotive

Less SA

30/10/2018 15:36

Oct 30 (Reuters) - GROCLIN SA  GCN.WA :
    * SAYS SIGNS PRELIM. CONDITIONAL AGREEMENT TO SELL ITS 51
PERCENT
STAKE IN CADM AUTOMOTIVE SP. Z O.O. TO CADM HOLDINGS LTD
    * UNDER AGREEMENT CO TO WAIVE ITS RIGHT TO BUY REMAINING 49
PERCENT STAKE IN CADM AUTOMOTIVE
    * UNDER AGREEMENT TOTAL AMOUNT OF TRANSACTION SET AT 42.5
MILLION
ZLOTYS
    * SAYS TRANSACTION IS PLANNED TO BE FINALIZED IN DEC. 30,
2018
    * CADM HOLDINGS IS A UNIT OF ABRIS MID-MARKET FUND III LP,
MANAGED
BY ABRIS CAPITAL PARTNERS LTD

Source text for Eikon:  ID:nEM90X09ga ,  urn:newsml:reuters.com:*:nEM9BpGDza
Further company coverage:  GCN.WA 

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