Brief: PZ Cormay signs deal to buy 12.95 pct in Orphée from TTL 1

PZ Cormay SA

09/06/2016 08:22

June 9 (Reuters) - PZ Cormay SA  CRM.WA : 
    * Said on Wednesday that it signed an agreement with TTL 1 
sp. z o.o. to buy 5 million shares of Orphée SA  ORPP.WA  from 
TTL 1  
    * 5 million shares represent 12.95 pct stake in Orphée SA  
    * The transaction price has been set for 10 million zlotys  
($2.64 million) and will be settled through set off of 
liabilities 
    * The company's liabilities towards TTL 1 amount to 
10,082,550 zlotys  
    * After transaction will hold 13,879,956 shares or 35.95 pct 
stake in Orphée 
    * Informed about completion of negotiations with TTL 1 on 
May 18  urn:newsml:reuters.com:*:nFWN18F0HO 
    * Acquisition of Orphée's shares in line with the company's 
strategy of consolidation of Orphée  urn:newsml:reuters.com:*:nFWN13S038 
 
     
  
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM0843509,  urn:newsml:reuters.com:*:nEM0843511 
     
 Further company coverage:  CRM.WA  and  ORPP.WA   
    
 
 
 
($1 = 3.7929 zlotys) 
 
 (Gdynia Newsroom) 
 ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))