Brief: PZ Cormay to reduce stake in Orphée by 15 pct

PZ Cormay SA

27/02/2015 07:58

Feb 27 (Reuters) - PZ Cormay SA  CRM.WA : 
     
    * Said on Thursday that it signed agreement to sell 15 pct 
stake (equal to 5,791,275 shares) of its unit, Orphée SA 
 ORPP.WA , to TTL 1 Sp. z o.o. 
    * The price is 11,582,550 zlotys ($3.1 million) and will be 
paid in two tranches 
    * Before the sale the company owned 50 pct stake in Orphée 
 
  
 Source text for Eikon:  ID:nEM2668174  
     
 Further company coverage:  CRM.WA   
    
 ($1 = 3.6971 zlotys) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;))