Brief: Lucent Oil sells business including subsidiary Phoenix Collector
28/10/2016 12:42
Oct 28 (Reuters) - Lucent Oil AB LUCE.ST :
* Says signed an agreement for sale of parent company's operations and subsidiary Lucent
Holding AB including OY Phoenix Collector Ltd till GVI Ltd, UAE u.b.v.
* The preliminary purchase price is expected to amount to 16.5 million Swedish crowns ($1.83
million)
* The buyer has paid a deposit of 1.5 million crowns
* On December 5, 2016 13.5 million crowns of the purchase price is to be paid and the
remaining purchase price on February 6, 2017
* Following the sale, Lucent Oil AB's assets will solely consist of cash and equity, which
is estimated at about 20 million crowns
* The goal is to shortly present a proposal for new activities of Lucent Oil AB
Source text: http://bit.ly/2eCM7Xy
Further company coverage: LUCE.ST
($1 = 9.0306 Swedish crowns)
(Gdynia Newsroom)
((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))