October 5, 2016 / 5:26 AM / 10 months ago

BRIEF-InFin Innovative Finance AG: contract signed with Mars One

1 Min Read

Oct 5(Reuters) - InFin Innovative Finance AG :

* Said on Tuesday Board of Directors will execute previously approved capital increase consisting of all the paid up shares of Mars One Merchandise Plc and acquire first 3 pct on Oct. 7 by means of a capital increase against contribution in-kind

* Remaining shares will be subscribed by means of additional capital increase against contribution in-kind in AGM which will take place in November 2016

* In total, shares should be acquired for a planned valuation of 87 million euros ($97.57 million), which corresponds to a discount of about 27 pct compared with a current company valuation

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Further company coverage:

$1 = 0.8917 euros Gdynia Newsroom

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