Brief: Elemental Holding Submits Offer To Buy Majority Shareholder Of Orzel Bialy

Orzel Bialy SA

16/01/2019 07:59

Jan 16 (Reuters) -  Elemental Holding SA  EMTP.WA :
    * SAID ON TUESDAY THAT ACTING ON BEHALF OF ITS SUBSIDIARY,
ELEMENTAL CAPITAL SARL, IT HAS MADE AN OFFER TO BUY 100 PERCENT
STAKE IN NEF BATTERY HOLDING SARL 
    * NEF BATTERY HOLDING SARL HAS A 60.55 PERCENT STAKE IN
ORZEL
BIALY SA  OBL.WA 
    * SAID THAT SUBMITTING THE OFFER BEGINS THE NEGOTIATIONS
    * THE CLOSING OF THE DEAL IS SUBJECT TO THE PROCESS AND
RESULTS OF
THE TALKS, AS WELL AS OTHER CONDITIONS INCLUDING APPROVAL OF
OFFICE OF COMPETITION AND CONSUMER PROTECTION

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM6Mg7sBa
    
 Further company coverage:  EMTP.WA  
   


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