Investment Deal For Acquisition Of PHSE

NB Aurora SA SICAF RAIF

17/12/2019 06:35

Dec 17 (Reuters) - NB Aurora SA SICAF RAIF  NBAA.MI :
    * SAID ON MONDAY IT SIGNED A BINDING CO-INVESTMENT AGREEMENT
WITH
MANAGER AND ENTREPRENEUR EDDY DE VITA FOR ACQUISITION OF
MAJORITY STAKE IN PHSE THROUGH A NEWLY-INCORPORATED VEHICLE
(NEWCO) 
    * CO-INVESTMENT AGREEMENT PROVIDES THAT, BASED ON AN
INVESTMENT OF
APPROXIMATELY EUR 16 MLN (FULLY FINANCED FROM ITS OWN
RESOURCES), NB AURORA WILL INDIRECTLY HOLD 30.8% OF NEWCO
    * EDDY DE VITA WILL BE APPOINTED EXECUTIVE CHAIRMAN OF PHSE 
    * CLOSING OF DEAL IS EXPECTED BEFORE END OF Q1 2020 

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIA6Zk9x6
    
 Further company coverage:  NBAA.MI  
   


 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10))