Brief: Unimot Signs Prelim Conditional Deal To Buy Olavion

Unimot SA

09/01/2023 13:09

Jan 9 (Reuters) - Unimot SA  UNTP.WA :
    * SIGNS PRELIMINARY CONDITIONAL DEAL TO PURCHASE OF 100%
STAKE IN
OLAVION
    * DEAL WITH TWO NATURAL PERSONS INCLUDING MAJORITY
SHAREHOLDER AND
SEVEN MEMBERS OF MANAGERIAL STAFF
    * UNDER PRELIM DEAL PARTIES TO SIGN DEFINITIVE SHARE
PURCHASE
AGREEMENTS 
    * FIRST AGREEMENT WILL BE CONCLUDED WITH TWO NATURAL PERSONS
AND
WILL CONCERN 90% OF OLAVION'S STAKE
    * REST OF DEALS WILL BE CONCLUDED WITH  MANAGERIAL STAFF AND
WILL
CONCERN 10% OF OLAVION'S STAKE
    * CONCLUSION OF FINAL DEAL DEPENDS ON FULFILLMENT OF
CONDITIONS,
INCLUDING CONCLUSION OF LONG-TERM TRANSPORT AGREEMENT BETWEEN
UNIMOT PALIWA AND OLAVION
    * DATE OF ACQUISITION OF 10% OF SHARES FROM MANAGERIAL STAFF
WILL
TAKE PLACE NO LATER THAN BY JULY 7, 2025
    * DEADLINE FOR FULFILLING CONDITIONS PRECEDENT IS JUNE 30,
2023

Source text for Eikon:  urn:newsml:reuters.com:*:nEMc3zT3Ta
Further company coverage:  UNTP.WA 
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