October 12, 2016 / 10:07 AM / 10 months ago

BRIEF-S&T to acquire a stake of up to 29.9 pct in Kontron

Oct 12 (Reuters) - S&T AG :

* In advanced negotiations with Foxconn subsidiary Ennoconn about investment in S&T AG

* Negotiations with Ennoconn corporation regarding an investment of Ennoconn corporation in S&T AG in the course of a 10 percent cash capital increase

* Capital would thus rise from 43,916,204 euros to 48,299,824 euros ($54.10 million)

* S&T AG intends to use the cash inflow from the cash capital increase to acquire a stake of up to 29.9 percent in Kontron AG, Augsburg

* Management board of S&T AG announced that it is in advanced negotiations with Kontron AG shareholders to acquire a total of up to 29.9 percent of Kontron AG shares Source text - bit.ly/2ef3eAi Further company coverage: ($1 = 0.8928 euros) (Gdynia Newsroom)

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