Brief: LUG signs deals regarding planned investments in Argentina

Lug SA

15/06/2017 07:11

June 15  (Reuters) - LUG SA  LUG.WA : 
    * SAID ON WEDNESDAY THAT IT HAS SIGNED A NUMBER OF 
AGREEMENTS REGARDING PLANNED INVESTMENTS IN ARGENTINA 
    * IT HAS SIGNED ARTICLES OF ASSOCIATION OF LUG ARGENTINA SA, 
OWNED ON A PARITY BASIS BY THE COMPANY AND PROVIDER ARGENTINA SA 
    * LUG ARGENTINA'S SHARE CAPITAL AMOUNTS TO 300,000 PESOS 
    * LUG ARGENTINA WILL BE INVOLVED IN MANUFACTURING AND SALES 
OF LIGHT FIXTURES AND ADVISORY ON LIGHTING TECHNOLOGY 
    * LUG AND PROVIDER ARGENTINA PLAN SHARE CAPITAL INCREASE OF 
LUG ARGENTINA FOR UP TO 1 MILLION EUROS BY DEC. 31, 2017 AND 
EACH OF THE SHAREHOLDERS WILL CONTRIBUTE 0.5 MILLION EUROS IN 
CASH 
    * THE COMPANY ALSO SIGNED A COOPERATION AGREEMENT WITH LUG 
ARGENTINA  
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM1410346 
     
 Further company coverage:  LUG.WA   
    
 
 
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