Brief: Element Signs Final Terms For Its Acquisition Of Stake In CMT

Univid ASA

13/08/2018 07:33

Aug 13 (Reuters) - ELEMENT ASA  ELEM.OL :
    * SIGNS FINAL TERMS FOR ITS ACQUISITION OF STAKE IN CMT
    * FINAL AGREEMENT EXTENDS EXPIRY OF CALL OPTION FROM 30 JUNE
2019
TO 31 DECEMBER 2019.
    * SIGNED A CALL OPTION AGREEMENT FOR ACQUISITION OF A 37%
STAKE IN
CMT
    * ACQUISITION OF A 37% STAKE IN CMT, IN A JOINT VENTURE WITH
AUPLATA
    * PURCHASE PRICE FOR 50% OF OSEAD FUND IS EUR 25,500,000
PLUS
ADDITIONAL CONSIDERATION

Source text for Eikon:  ID:nObi6YZf6a 
Further company coverage:  ELEM.OL 

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