December 17, 2019 / 6:39 AM / a month ago

BRIEF-NB Aurora Signs Binding Co-Investment Deal For Acquisition Of PHSE

Dec 17 (Reuters) - NB Aurora SA SICAF RAIF:

* SAID ON MONDAY IT SIGNED A BINDING CO-INVESTMENT AGREEMENT WITH MANAGER AND ENTREPRENEUR EDDY DE VITA FOR ACQUISITION OF MAJORITY STAKE IN PHSE THROUGH A NEWLY-INCORPORATED VEHICLE (NEWCO)

* CO-INVESTMENT AGREEMENT PROVIDES THAT, BASED ON AN INVESTMENT OF APPROXIMATELY EUR 16 MLN (FULLY FINANCED FROM ITS OWN RESOURCES), NB AURORA WILL INDIRECTLY HOLD 30.8% OF NEWCO

* EDDY DE VITA WILL BE APPOINTED EXECUTIVE CHAIRMAN OF PHSE

* CLOSING OF DEAL IS EXPECTED BEFORE END OF Q1 2020

Source text for Eikon:

Further company coverage: (Gdansk Newsroom)

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