Brief: Saras Says Moratti Family Has Undertaken To Sell Approx. 35% Of Co's Corporate Capital To Vitol,

Saras SpA

11/02/2024 18:28

Feb 11 (Reuters) - Saras SpA  SRS.MI :
    * 
    * SARAS SPA - MORATTI FAMILY HAS UNDERTAKEN TO SELL TO
VITOL,
SHARES OF SARAS S.P.A REPRESENTING APPROX. 35% OF SARAS'S
CORPORATE CAPITAL
    * UPON CLOSING, ENTIRE STAKE OWNED BY MORATTI FAMILY IN
SARAS WILL
BE TRANSFERRED TO VITOL
    * SARAS SPA - MORATTI FAMILY HAS UNDERTAKEN TO SELL SHARES
OF
SARAS'S CORPORATE CAPITAL AT A PRICE PER SHARE EQUAL TO EUR
1.75/SHARE
    * SARAS- GOAL OF MTO IS TO ACHIEVE DELISTING FROM MILAN
STOCK
EXCHANGE, WHICH MAY ALSO BE ACHIEVED THROUGH DELISTING MERGER
SHOULD REQUIRED CONDITIONS BE MET
    * SARAS SPA - UPON CLOSING OF DEAL, ENTIRE STAKE OWNED BY
MORATTI
FAMILY IN SARAS WILL BE TRANSFERRED TO VITOL

Source text for Eikon:  ID:nINF7MLCXw 
Further company coverage:  SRS.MI 

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