Brief: Value Management & Research Acquires Majority Stake In Advisortech Company

NSI Asset AG

15/11/2018 07:41

Nov 15 (Reuters) - Value Management & Research AG
 VMR1k.F :
    * SAID ON WEDNESDAY ACQUIRED MAJORITY STAKE IN A HIGH-GROWTH
ADVISORTECH INSURANCE AND INVESTMENT ADVISORY FIRM
    * TO FINANCE THE CASH PURCHASE PRICE COMPONENT, COMPANY
DECIDED TO
ISSUE A CONVERTIBLE BOND WITH PARTIAL USE OF THE CONDITIONAL
CAPITAL
    * FOLLOWING THE CONCLUSION AND CLOSING OF THE TRANSACTION,
VMR AG
INTENDS TO OFFER EXISTING SHAREHOLDERS A CASH CAPITAL INCREASE
IN THE RATIO OF 5:1 

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nPexSs49ha
    
 Further company coverage:  VMR1k.F  
   


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