Brief: Starhedge negotiates sale of assets

Starhedge SA

03/10/2016 09:45

Oct 3 (Reuters) - Starhedge SA  SHG.WA : 
    * Said on Friday that it signed a "Memorandum of 
Understanding" agreement concerning the preparation and selling 
a separate and independent part of Starhedge to the US-based 
VTEC LLC 
    * VTEC has 30 days for exclusive negotiations regarding the 
acquisition 
    * The potential buyer declared the minimum financial 
readiness of 7.5 million zlotys ($2.0 million), Starhedge 
accepted the minimum value of 5.0 mln zlotys for the acquisition 
of some assets  
    * The purchase to be completed within one month from the 
date of Starhedge's FY 2016 report publication 
 
         
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM3062726 
     
 Further company coverage:  SHG.WA   
    
($1 = 3.8210 zlotys) 
 
 (Gdynia Newsroom) 
 ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))