Brief: WM Capital sells 20 pct stake in unit Alexander Dr Fleming SAGL

Lifestyle SPA

23/12/2016 11:59

Dec 23 (Reuters) - WM Capital SpA  WMC.MI : 
    * Signs agreement with Affinitas Consuting FZE for sale of a 20 percent stake in unit 
Alexander Dr Fleming SAGL for 110,000 euros ($114,928.00) 
    * Agreement envisages the option for Affinitas Consuting FZE to buy another 15 percent stake 
for the lump sum of 90,000 euros to be excercized by Jan. 16, 2017 
    * Agreement envisages the right for WM Capital to sell a further stake for up to 35 pct in 
2017 
    * The transaction, including the exercise of the option due Jan. 16, 2017, will generate a 
capital gain of 190,000 euros 
 
Source text for Eikon:  ID:nBIA231af  
Further company coverage:  WMC.MI  
 
($1 = 0.9571 euros) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))