Brief: CBS Says It Respects Recticel Shareholders Decision To Sell EF Division
06/12/2021 17:43
Dec 6 (Reuters) - COMPAGNIE DU BOIS SAUVAGE SA CBOS.BR :
* RESPECTS THE DECISION OF THE MAJORITY OF RECTICEL
SHAREHOLDERS
TO SELL THE “ENGINEERED FOAMS” (EF) DIVISION. A GENERAL ASSEMBLY
WITH SUCH A HIGH LEVEL OF PARTICIPATION CAN BE DESCRIBED AS VERY
POSITIVE
* THE SALE OF THE “ENGINEERED FOAMS” DIVISION IS PART OF THE
DEFENSIVE MEASURES WHICH WOULD ENABLE GREINER TO TERMINATE THE
AGREEMENT TO SELL THE RECTICEL SHARES HELD BY COMPAGNIE DU BOIS
SAUVAGE IF IT SO WISHES
* CONFIRMS THAT THE SALE OF ITS STAKE IN RECTICEL REMAINS A
STRATEGIC CHOICE
* FOR THE TIME BEING, COMPAGNIE DU BOIS SAUVAGE WILL
CONTINUE TO
ACT AS AN INDEPENDENT SHAREHOLDER AND EXERCISE ITS VOTING
RIGHTSTO TERMINATE THE AGREEMENT TO SELL THE RECTICEL SHARES
HELD BY COMPAGNIE DU BOIS SAUVAGE IF IT SO WISHES
Source text: https://bit.ly/3ooW6TL
Further company coverage: CBOS.BR
(Gdansk Newsroom)
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