February 27, 2017 / 7:56 AM / 5 months ago

BRIEF-CdR Advance Capital shareholder sells 2.0 mln shares to a group of investors

1 Min Read

Feb 27 (Reuters) - CdR Advance Capital SpA:

* Said on Friday that its shareholder S&B Invest Srl has signed a binding agreement to sell to a group of investors two million A category shares and two million "Warrant CdR Advance Capital SpA 2012-2022"

* None of the investors in the acquiring group will hold more than 5 pct in the share capital

* March 31 is expected to be the closing date

* Price of the transaction is between 0.58 euro and 0.63 euro per share

Source text: bit.ly/2lLuw2P

Further company coverage: (Gdynia Newsroom)

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