Brief: Vente-Privee Holding.com to acquire 51 pct of Modern Commerce unit

Moliera2 SA

28/10/2016 13:36

Oct 28 (Reuters) - Modern Commerce SA  AIRK.WA : 
    * Along with its unit, Zlote Wyprzedaze SA, signs an 
investment agreement with Luxembourg-based Vente-Privee 
Holding.com Societe Anonyme  
    * Under the investment agreement, the unit to issue 
21,182,137 series F shares to Vente-Privee Holding.com for 2.1 
million zlotys  ($530,050) 
    * Following the share acquistion, Ente-Privee Holding.com 
will hold 51 percent holding in the company's unit, Modern 
Commerce will have 40 pct and Michal Skotnicki the remaining 9 
pct 
    * Michal Skotnicki will acquire 3,738,024 shares in the unit 
for 373,802 zlotys via a private subscription 
 
Source text for Eikon:  ID:nEM2866777  
Further company coverage:  AIRK.WA  
 
($1 = 3.9619 zlotys) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))