Brief: Paragon Signs Contracts For Sale Of Stake In Voltabox

paragon GmbH & Co KgaA

15/11/2021 06:04

Nov 15 (Reuters) - PARAGON GMBH & CO KGAA  PGNG.DE :
    * PARAGON SIGNS CONTRACTS FOR SALE OF STAKE IN VOLTABOX
    * HAS CARRIED OUT PREVIOUSLY ANNOUNCED OVER-THE-COUNTER SALE
OF
ITS FORMER 51% SHARE IN VOLTABOX AG
    * CORRESPONDING SALES CONTRACTS WERE SIGNED INDEPENDENTLY OF
EACH
OTHER ON NOVEMBER 12, 2021
    * 28% OF ITS BLOCK OF SHARES ARE GOING TO STRATEGIC INVESTOR
TRIONITY INVEST GMBH, WHO GETS OPTION TO ADDITIONALLY BUY
FURTHER ABOUT 2% FROM PARAGON; AROUND 21% ARE BOUGHT BY SWISS
FINANCIAL INVESTOR EW-TRADE AG
    * PARTIES HAVE AGREED NOT TO DISCLOSE TERMS OF TRANSACTIONS

Source text for Eikon:  ID:nEQ2Jt53Ya 
Further company coverage:  PGNG.DE 

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