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ALTOU — Touax Sgtr Cite Sgt Cmte Taf Slm Touage Investissements Reunies SCA News Story

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Brief: Touax says no closing of European modular activities sale due to purchaser

Nov 15 (Reuters) - TOUAX SCA  TETR.PA : 
    * CLOSING OF SALE OF EUROPEAN MODULAR ACTIVITIES TO TDR 
CAPITAL 
LLP DID NOT OCCUR DUE TO PURCHASER 
    * TOUAX HAS BEEN OBLIGED TO INITIATE EXPEDITED PROCEEDINGS 
    * EXPEDITED PROCEEDINGS IN ORDER TO SEEK INJUNCTIVE RELIEF 
REQUIRING PURCHASER TO PERFORM ITS OBLIGATIONS UNDER SHARE 
PURCHASE AGREEMENT 
    * PROCEEDING DON'T CHANGE IFRS 5 ANALYSIS OF FINANCIAL 
STATEMENTS 
WHICH PRESENTS EUROPEAN MODULAR ACTIVITIES AS DISCONTINUED 
OPERATIONS 
 
Source text for Eikon:  ID:nGNE9JBVSR  
Further company coverage:  TETR.PA  
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 09 20;))

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