Brief: Unimot To Buy 80% Stake In P2T

Unimot SA

06/04/2023 08:38

April 6 (Reuters) - UNIMOT SA  UNTP.WA :
    * SAID ON WEDNESDAY IT HAS SIGNED A PRELIMINARY CONDITIONAL
DEAL
TO BUY 80% STAKE IN P2T
    * DEAL REGARDS PURCHASE OF STAKE IN SAID COMPANY TO WHICH A
SEPARATE PART OF ENTERPRISE OF P2 TRADING SHALL BE TRANSFERRED
    * SAID P2 TRADING ACTIVITY TO CONSIST OF TRADING OF ENERGY
RESOURCES, INCLUDING BIOMASS AND COAL, PURCHASING OF SEA AND
LAND FREIGHT, AS WELL AS OVERSEEING OF SUPPLIES GOING VIA SEA
AND LAND BORDER CROSSINGS
    * UNDER SAID DEAL COMPANY TO BUY SAID STAKE FROM TWO NATURAL
PERSONS
    * UNDER DEAL COMPANY IS OBLIGED TO PAY THE BASIC PRICE, AND
ADDITIONAL PRICE UNDER EARN-OUT MECHANISM BY PAYING A SHARE IN
THE PROFIT GENERATED IN YEARS 2023-2024
    * THE CONCLUSION OF THE DEAL IS SUBJECT TO THE FULFILMENT OF
CONDITIONS AT LATEST BY SEP 30

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM3D82Rya
 Further company coverage:  UNTP.WA  

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