Brief: Marie Brizard Wine And Spirits Agrees To Sale Of Its Activities In Poland

Marie Brizard Wine and Spirits SA

16/07/2020 17:30

July 16 (Reuters) - Marie Brizard Wine and Spirits SA  MBWS.PA :
    * SIGNATURE OF AN AGREEMENT SUBJECT TO CONDITIONS PRECEDENT WITH UNITED
BEVERAGES
FOR SALE OF GROUP'S ACTIVITIES IN POLAND CLOSING OF TRANSACTION SHOULD TAKE
PLACE WITHIN 2 TO 4 MONTHS
    * AGREEMENT IN PRINCIPLE ON MODIFICATION OF A CONTRACT FOR BULK SUPPLY OF
SCOTCH
WHISKY CONCLUDED WITH A SUPPLIER OF MBWS
    * AGREEMENT PROVIDES FOR PAYMENT OF SALE PRICE IN SEVERAL INSTALLMENTS
    * IMMEDIATE CASH IMPACT WILL REMAIN VERY LIMITED
    * AGREEMENT WITH UNITED BEVERAGES GROUP, SUBJECT TO CONDITIONS PRECEDENT, IN
RELATION TO 100 PERCENT SALE OF MBWS POLSKA'S SHARES AND PART OF POLMOS LANCUT'S
OUTSTANDING SHARES
    * UNITED BEVERAGES GROUP WILL CONTINUE TO PRODUCE SOBIESKI VODKA (A BRAND
THAT
WILL REMAIN PROPERTY OF MBWS S.A.)
    * NUMBER OF MBWS INTERNATIONAL BRANDS WILL BE IMPORTED BY UNITED BEVERAGES
GROUP,
THROUGH NEW DISTRIBUTION AGREEMENT

Source text for Eikon:  ID:nGNE6zCcGj 
Further company coverage:  MBWS.PA 

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