Brief: Quest Announces The Sale Of The 20% Of ACS Postal Services To GLS For EUR 74 Million

Quest Holdings SA

21/10/2024 17:11

Oct 21 (Reuters) - Quest Holdings SA  IQTr.AT :
    * ANNOUNCES THE SALE OF THE 20% OF THE SHARES OF ITS
SUBSIDIARY
ACS POSTAL SERVICES TO GLS FOR EUR 74 MILLION
    * QUEST HOLDINGS SAYS GLS HAS A CALL OPTION FOR THE
REMAINING 80%
OF THE SHARES OF ACS ON 31-10-2025 OR 30-10-2026 AGAINST A
MINIMUM PRE-AGREED AMOUNT OF EUR 296 MILLION
    * QUEST HOLDINGS SAYS IF GLS DOES NOT EXERCISE THE CALL
OPTION
QUEST WILL HAVE THE RIGHT TO REPURCHASE THE 20% OF ACS'S SHARES
SUBJECT TO A PRE-AGREED MECHANISM
    * QUEST HOLDINGS SAYS THE MANAGEMENT OF ACS UNTIL THE
EXERCISE OF
THE CALL OPTION OF GLS WILL CONTINUE TO BE EXERCISED BY QUEST


Further company coverage:  IQTr.AT 

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