Brief: ABC Data to buy controlling stake in S4E
23/08/2016 07:41
Aug 23 (Reuters) - S4E SA S4E.WA :
* Said on Monday that ABC Data SA ABCP.WA is to acquire a
controlling stake in the company
* Bartosz Stebnicki and Joanna Gawad-Stebnicka (sellers)
have signed an investment agreement to sell 81.3 pct of S4E to
ABC Data for a price between 19.8 million zlotys ($5.2 million)
and 25.4 mln zlotys
* Under the agreement, the sellers will transfer 162,500
shares to a special purpose vehicle (SPV) which will be set up
by ABC Data
* To reach the agreed 81.3 pct stake, the remaining
1,249,923 shares will be acquired by SPV from other shareholders
who have committed to sell their shares under other investment
agreements signed with Bartosz Stebnicki
* The final price is subject to achieving business goals
stated in the agreement by the sellers and S4E
* ABC Data says that the acquisition will help to grow its
value added distribution services and will contribute to
reaching consolidated FY 2018 revenue from that area at 1.50 bln
zlotys urn:newsml:reuters.com:*:nNDL6kGppn
Source text for Eikon: urn:newsml:reuters.com:*:nEM2256110 and urn:newsml:reuters.com:*:nEM2256116
Further company coverage: S4E.WA and ABCP.WA
($1 = 3.8002 zlotys)
(Gdynia Newsroom)
((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))