Brief: CCC'S Unit To Buy 2.5% Stake In Modivo

Modivo SA

20/08/2024 06:36

Aug 20 (Reuters) - CCC SA  CCCP.WA :
    * SAID ON MONDAY ITS UNIT HAS AGREED THAT CCC SHOES AND BAGS
WILL
BUY 2.5% STAKE IN MODIVO FROM MKK3 FOR AROUND 100 MLN ZLOTYS
UNDER OPTION RIGHT
    * SAID IT MAY BUY THE REMAINING 2.5% STAKE IN MODIVO IN LINE
WITH
OPTION DEAL EXPIRY ON JUNE 30 2026
    * THE TRANSACTION IS A PART OF GROUP'S EFFORT TO CONSOLIDATE
MODIVO'S SHAREHOLDER STRUCTURE
    * ALSO SAID IT PLANS A BUYBACK OF DEEZEE SHARES IN THE
SECOND HALF
OF 2024

        
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