Brief: UIL Proposes To Enter Into Agreements To Sell All Of Its Shares In Somers
27/10/2025 07:40
Oct 27 (Reuters) - UIL Ltd UTL.L: UIL LIMITED UIL FINANCE LTD - PROPOSED SALE OF INVESTMENT IN SOMERS LIMITED UIL LTD - PLANS TO SELL SOMERS SHARES HELD BY UIL TO GPLPF IN SETTLEMENT OF OUTSTANDING LOAN FROM GPLPF TO UIL UIL LTD - UIL PROPOSES BUYBACK AGREEMENT WITH SOMERS UIL LTD - UNDER AGREEMENT, SOMERS TO REPURCHASE REMAINING SOMERS SHARES HELD BY CO AT SOMERS' NAV PER SHARE AS AT 31 OCT 2025 Source text: ID:nRSa8331Ea Further company coverage: UTL.L ((Reuters.Briefs@thomsonreuters.com;))