Brief: Lumaland Buys Business Operations Of Things I Like GmbH Via JV Vehicle
01/03/2019 08:30
March 1 (Reuters) - Lumaland AG PU11n.D :
* ACQUIRES BUSINESS OPERATIONS OF THINGS I LIKE GMBH VIA A JOINT VENTURE VEHICLE
* IN FUTURE, JV TO OPERATE UNDER NAME MONOQI GMBH AND CONTINUE BUSINESS OPERATIONS OF THINGS
I
LIKE GMBH
* CURRENTLY HOLDS 49% OF SHARES IN JV
* HAS TWO CALL OPTIONS TO BUY MAJORITY OR REMAINING 51% OF SHARES IN JV FROM MOODS-SOLUTIONS
* PAYMENT OF LOW SIX-FIGURE AMOUNT TO THE LIQUIDATOR
* ALSO, TAKEOVER OF LIABILITIES IN LOW SINGLE-DIGIT MILLIONS AGREED BY JOINT VENTURE
Source text for Eikon: ID:nEQc0tZ8la
Further company coverage: PU11n.D
(Gdynia Newsroom)
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