Brief: OT Logistics Signs Deals With Rhenus Partnership On Sale Of Stake In Unit And Group's Assets

OT Logistics SA

15/07/2020 15:16

July 15 (Reuters) - OT Logistics SA  OTSL.WA :
    * SIGNS DEAL WITH GERMANY-BASED RHENUS PARTNERSHIP ON SALE
OF
81.08% STAKE IN DEUTSCHE BINNENREEDEREI
    * SIGNS DEAL WITH GERMANY-BASED RHENUS PARTNERSHIP ON SALE
OF
ASSETS IN FORM OF FLEET OF INLAND UNITS
    * SIGNS EUR 18.1 MILLION NET DEAL WITH RHENUS PARTNERSHIP ON
SALE
AND TRANSFER OF RIGHTS AND OBLIGATIONS, ARISING FROM OTHER
SIGNED DEALS 
    * SIGNS CONDITIONAL PURCHASE OPTION DEAL WITH CARL ROBERT
ECKELMANN AND TRANSFER OF 16.13% SHARES IN DEUTSCHE
BINNENREEDEREI FOR EUR 0.9 MILLION
    * AFTER EXERCISING PURCHASE OPTION AND AT TRANSACTION
CLOSURE,
SHARES ACQUIRED BY COMPANY FROM CARL ROBERT ECKELMANN TO BE SOLD
TO RHENUS PARTNERSHIP FOR EUR 0.9 MILLION
    * ON DATE OF TRANSACTION CLOSURE, COMPANY WILL SIGN LEASE
AGREEMENT WITH RHENUS PARTNERSHIP ON LEASE OF SOME OF VESSELS
SOLD TO RHENUS, IN ORDER TO CONTINUE SERVING ITS CUSTOMERS

Source text for Eikon:  ID:nEM2YCYHwa 
Further company coverage:  OTSL.WA 

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