Brief: Parrot To Sell 47.2% Stake In Planck Aerosystems Inc.

Parrot SA

18/08/2022 07:02

Aug 18 (Reuters) - PARROT SA  PARRO.PA :
    * PARROT: SALE OF A MINORITY INTEREST
    * ANNOUNCE THAT IT HAS REACHED AN AGREEMENT WITH
AEROVIRONMENT, A
GLOBAL LEADER IN INTELLIGENT, MULTI-DOMAIN ROBOTIC SYSTEMS,
REGARDING SALE OF ITS 47.2% STAKE IN PLANCK AEROSYSTEMS INC
    * PARROT SELLS ITS MINORITY STAKE IN PLANCK AEROSYSTEMS INC.
    * TRANSACTION WILL RESULT IN A PAYMENT OF APPROXIMATELY $3.2
MILLION, INCLUDING APPROXIMATELY $1.2 MILLION IN DEBT REPAYMENT
(CONVERTIBLE LOANS)
    * THIS TRANSACTION WILL RESULT IN A PAYMENT OF APPROXIMATELY
$3.2
MILLION

Source text for Eikon:  ID:nGNE75Y1LW 
Further company coverage:  PARRO.PA 

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