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Provider : Reuters Investment Profile
Provider : Wright Reports
Provider : Directors Deals Ltd.

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Texaf fails to agree on conditions for sale of Imbakin sarl

Thursday, 19 Jun 2014 11:45am EDT 

Texaf SA:Says it has not been able to agree on conditions for sale of Imbakin sarl (in liquidation).Third party had expressed interest in acquiring Imbakin sarl for 19.5 million euros.Issues reminder that further to partial of split of Texaf approved by General Meeting of May 13, Imbakin sarl (in liquidation) has been transferred to Imbakin Holding SA.However, effects of that split have been suspended by court ruling following unilateral application by Cobepa.Texaf has opposed that ruling; case has been heard by Court on June 12 and is now in deliberation. 

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