Brief: Sabaf Unit Buys 51% Of Mansfield Engineered Components For USD 10.5 Mln
17/07/2023 06:19
July 17 (Reuters) - Sabaf SpA SABF.MI :
* SAID ON FRIDAY ITS UNIT ACQUIRED 51% OF MANSFIELD
ENGINEERED
COMPONENTS (MEC) FOR USD 10.5 MLN
* CALL OPTION IN FAVOUR OF SABAF FOR THE REMAINING
49% STAKE EXERCISABLE IN 2028, PUT OPTION IN FAVOUR OF THE
MINORITY SHAREHOLDERS EXERCISABLE FROM 2025 TO 2028
* BRUCE CUMMINS AND STEVEN CUMMINS WILL REMAIN AS CEO AND
VICE
PRESIDENT OF MEC RESPECTIVELY
Further company coverage: SABF.MI
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))