Brief: Raya Holding signs prelim. deal to buy 19.39 pct in Makarony Polskie

Makarony Polskie SA

30/08/2016 15:49

Aug 30 (Reuters) - Makarony Polskie SA  MAKP.WA : 
    * Egypt-based Raya Holding for Technology & 
Telecommunications S.A.E.(Raya Holding)  RAYA.CA  signs 
preliminary agreement to buy 19.39 percent stake (1,793,406 
shares) in Makarony Polskie from BEWA Sp. z o.o. 
    * Under the agreement BEWA will raise capital of special 
purpose unit (SPV), MADOVA Sp. z o.o., and transfer 1,793,406 
shares of Makarony Polskie to SPV  
    * Subsequently, Raya Holding will acquire 100 pct in MADOVA 
Sp. z o.o. for about 11.4 million zlotys ($2.9 million)  
    * Informed about negotiations for sale of 19.39 percent 
stake to Raya Holding on June 9  urn:newsml:reuters.com:*:nFWN19103X and June 15 
 urn:newsml:reuters.com:*:nL8N1980IM 
 
     
Source text for Eikon:  ID:nEM3057379  
     
Further company coverage:  MAKP.WA  
 
 
($1 = 3.9103 zlotys) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))