Brief: Misen Energy sells 37.5 pct of subsidiary Misen Enterprises

Misen Energy AB (publ)

16/06/2016 14:31

June 16 (Reuters) - Misen Energy publ AB  MISE.ST : 
    * Sells 37.5 percent of subsidiary Misen Enterprises AB 
    * Purchase price is 165 million Swedish crowns ($19.62 million) 
    * Buyer is the Hong Kong-based company Powerful United Limited (PUL) 
    * Purchase price will be paid by PUL by taking over Misen Energy AB (publ) existing debt 
plus about 26 million crowns in cash 
    * According to the agreement, Misen Energy AB (publ) has the right to repurchase thesold 
shares within a period of three years at a price equivalent to 30 crowns pershare 
 
 
Source text for Eikon:  ID:nWkrfo9888  
     
Further company coverage:  MISE.ST  
 
($1 = 8.4097 Swedish crowns) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))