Brief: MTI Investment Exits Investment in ZanDreams

MTI Investment AB (publ)

15/11/2023 06:46

Nov 15 (Reuters) - MTI Investment SE  MTII.ST :
    * SAID ON TUESDAY ANNOUNCES EXIT IN ZANDREAMS AB
    * CO HAS REVERSED A PREVIOUS INVESTMENT INTO THE HOTEL
MANAGEMENT
COMPANY MANAGING MAYAI OCEAN RESORT IN ZANZIBAR
    * CO SELLS ITS SHARES IN ZANDREAMS AB FOR SEK 1.350.000
    * HAS ENTERED INTO A SHARE SALE AND PURCHASE AGREEMENT (SPA)
WITH
MAYAI OCEAN RESORT AS, RESULTING IN THE TRANSFER OF SIX HUNDRED
(600) SHARES
    * OUR DECISION TO EXIT ZANDREAMS AB IS A RESULT FROM
EXTENSIVE
DISCUSSIONS REGARDING A 40% OWNERSHIP IN THE ACTUAL REAL ESTATE
OF THE HOTEL MAYAI OCEAN RESORT - CEO 

        
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