Brief: Maxcom Plans To Buy Stake In Rubbee

MaxCom SA

05/02/2019 07:09

Feb 5(Reuters) - Maxcom SA  MXC1.WA :
    * SAID ON MONDAY THAT IT HAS SIGNED A TERM SHEET FOR THE
ACQUISITION OF A 20.15 PERCENT STAKE IN UAB RUBBEE FOR INITIAL
PRICE OF 280,000 EUROS
    * THE TERM SHEET WAS SIGNED WITH LAURYNAS JOKUŽIS, GEDIMINAS
NEMANIS, UAB ELINTA, AKTYWATOR INNOWACJI SPÓŁKA Z O. O. 
    * THE PARTIES PLAN TO FINALISE THE DEAL BY MARCH 31, 2019
    * RUBBEE IS ENGAGED IN THE RESEARCH, DEVELOPMENT, ASSEMBLY
AND
PRODUCTION OF AN ELECTRIC BIKE DRIVE

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM46n5Dsa
    
 Further company coverage:  MXC1.WA  
   


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