Brief: PMPG Polskie Media to sell 35 pct in Becolour to Parrish Media

PMPG Polskie Media SA

26/08/2016 09:28

Aug 26 (Reuters) -  PMPG Polskie Media SA  PGMP.WA : 
    * Said on Thursday that it signed an agreement with Parrish 
Media NV concerning terms of further transaction of sale of all 
its shares hald in Becolour Sp. z o.o. to Parrish Media NV 
    * The agreement includes also sale of liabilities arising 
from the bonds held by the company and issued by Becolour  
    * Said the parties agreed that until Oct. 31 Parrish Media 
will acquire series A, B, C, D, E, F, I, J, K, L, , P bonds 
issued by Becolour  
    * Said subject to sale of Becolour's bonds, until Oct. 31 
the parties will sign agreement concerning sale of 35 shares 
representin 35 pct stake in Becolour to Parrish Media for 1,750 
zlotys  ($456.61) 
    * After transaction Parrish Media will raise its stake in 
Becolour from 25 pct to 60 pct  
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM2556716 
     
 Further company coverage:  PGMP.WA   
    
 
 
 
($1 = 3.8326 zlotys) 
 
 (Gdynia Newsroom) 
 ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))