December 5, 2017 / 9:58 AM / 13 days ago

BRIEF-Qumak Signs LoI To Cooperate and Increase Stake in Euvic

Dec 5 (Reuters) - QUMAK SA:

* SAID ON MONDAY THAT IT SIGNED A LETTER OF INTENT (LOI) WITH EUVIC SP. Z O.O. ON STRATEGIC COOPERATION IN THE IT FIELD

* AS A PART OF THE AGREEMENT, CO ALSO PLANS TO INCREASE ITS INVESTMENT IN EUVIC

* UNDER LOI EUVIC TO SELL IT WORKS SA TO QUMAK BY MARCH 31, 2018

* EUVIC IN EXCHANGE FOR IT WORKS IS TO ACQUIRE QUMAK‘S SERIES N SHARES FOLLOWING CO‘S SHARE CAPITAL INCREASE BY JUNE 30, 2018

* IF THE ABOVE TRANSACTIONS TAKE PLACE, BOTH PARTIES PLAN TO MERGE

* QUMAK TO TAKE OVER EUVIC IN EXCHANGE FOR QUMAK SHARES ISSUED TO EUVIC SHAREHOLDERS

Source text for Eikon:

Further company coverage: (Gdynia Newsroom)

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