June 24, 2020 / 5:10 PM / 9 days ago

BRIEF-MCH Group Says Basel-Stadt Supports Plans For A Capital Increase For MCH Group Ltd

June 24 (Reuters) - MCH Group AG:

* MEDIA RELEASE | MCH GROUP | DECISION OF THE PARLIAMENT OF THE CANTON OF BASEL-STADT

* BASEL-STADT SUPPORTS PLANS FOR A CAPITAL INCREASE FOR MCH GROUP LTD

* CANTON OF BASEL-STADT WILL WAIVE EXERCISE OF ITS SUBSCRIPTION RIGHT

* GOVERNMENT IS AUTHORISED TO CONVERT A LOAN OF CHF 30 MILLION INTO SHARE CAPITAL

* MCH GROUP - CANTON OF BASEL-STADT THUS MAKING IT POSSIBLE FOR A NEW INVESTOR TO ACQUIRE SIGNIFICANT MINORITY HOLDING IN EVENT OF A CAPITAL INCREASE

* CANTON IS ENSURING THAT PUBLIC SECTOR MAINTAINS A STAKE OF MORE THAN 33.3%, ENABLING IT TO PREVENT CHANGES TO STATUTES

* OUTCOME OF NEGOTIATIONS STILL REMAINS OPEN AT PRESENT Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below