Brief: OTI Greentech buys out minority interests in VTT Maritime AS

OTI Greentech AG

25/11/2015 08:30

Nov 25 (Reuters) - OTI Greentech AG  NSAG.D : 
    * Buys out minority interests in VTT Maritime AS 
    * Purchase price paid in OTI Greentech shares (at 1.50 euro/ share) 
    * Revenue expectations for 2015 reduced, for 2016 significantly higher 
    * Reduces its revenue expectations for current year to 10 million euros ($10.7 million) 
    * Expects a significant increase in revenues to more than 20 million euros in 2016 and 
further growth beyond 
    * Expects positive group cash flows in 2016 and beyond 
 
Source text for Eikon:  ID:nEQ1gmdDba  
Further company coverage:  NSAG.D  
 
($1 = 0.9369 euros) 
 
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