Brief: Thakral Corp Says Divestment Of Thakral's Stake In Intrepid Group

Thakral

30/06/2022 11:21

June 30 (Reuters) - Thakral Corporation Ltd  THAK.SI :
    * DIVESTMENT OF THAKRAL'S STAKE IN INTREPID GROUP
    * DEAL FOR INITIAL CASH CONSIDERATION OF US$57 MILLION
    * MAXIMUM TOTAL CONSIDERATION PAYABLE FOR INTREPID, IN EVENT
THAT
VERY STRETCHED TARGETS ARE REACHED, CAPPED AT $250 MILLION
    * THAKRAL WILL RECEIVE SHARE OF INITIAL CONSIDERATION OF $4
MILLION IN LINE WITH ITS SHAREHOLDING IN INTREPID

Source text for Eikon:  ID:nSNbpFx2j 
Further company coverage:  THAK.SI 

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