Brief: Samara Asset Group Says Enters Into A Purchase Agreement For The Acquisition Of Various Fund

Samara Asset

12/12/2023 19:35

Dec 12 (Reuters) - Cryptology Asset Group Plc  SRAG.DE :
    * EQS-ADHOC: SAMARA ASSET GROUP P.L.C. ENTERS INTO A
PURCHASE
AGREEMENT FOR THE ACQUISITION OF VARIOUS FUND
    * PARTIAL PAYMENT FOR THOSE FUND STAKES TO BE FUNDED IN KIND
THROUGH A SHARE ISSUE
    * COMBINED NET ASSET VALUE OF STAKES, WHICH IS ALSO PURCHASE
PRICE, AMOUNTS TO APPROX. EUR 121.4 MILLION.
    * AS A FIRST STEP SAMARA WILL ACQUIRE STAKES IN ONE OF FUNDS
FROM
AIG WITH A NET ASSET VALUE OF APPROX. EUR 47.6 MILLION
    * CRYPTOLOGY ASSET GROUP-IN SECOND STEP SAMARA WILL ACQUIRE
STAKES
IN OTHER THREE FUNDS FROM AIG WITH AGGREGATE NET ASSET VALUE OF
APPROX.EUR 73.8 MILLION
    * CONSIDERATION FOR FURTHER ASSETS WILL BE FUNDED THROUGH AN
ISSUE
OF SHARES IN SAMARA TO AIG.

Source text for Eikon:  ID:nEQ2512Tya 
Further company coverage:  SRAG.DE 

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