October 19, 2017 / 7:08 AM / in 8 months

BRIEF-Tech-Value founders confer 78 pct stake in Newco, to sell 51 pct of Newco to Sesa

Oct 19 (Reuters) - SESA SPA:

* ‍SIGNS BINDING AGREEMENT FOR PURCHASE OF 51% OF NEWCO IN WHICH 78% OF TECH-VALUE WILL BE CONFERRED​

* ‍UNIT VAR GROUP WILL PURCHASE 51% OF NEWCO WHERE TECH-VALUE FUNDERS WILL CONFER 78% OF TECH-VALUE CAPITAL FOR UP TO EUR 6.5 MILLION​

* ‍NEWCO WILL PROMOTE TAKEOVER BID FOR REMAINING ABOUT 20% OF TECH-VALUE SHARES FOR EUR 4.15 PER SHARE Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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