May 23, 2017 / 6:17 AM / 2 months ago

BRIEF-Sintesi sells controlling stake in Gequity in competitive bidding procedure

1 Min Read

May 23 (Reuters) - SINTESI SOCIETA DI INVESTIMENTI E DI PARTECIPAZIONI SPA:

* SAID ON MONDAY THAT THE COMPETITIVE BIDDING PROCEDURE FOR THE SALE OF A MAJORITY STAKE IN GEQUITY SPA TOOK PLACE ON MAY 22

* THE PACKAGE OFFERED CONSISTS OF 53,945,463 GEQUITY ORDINARY SHARES, 45 GEQUITY 2016-2021 CONVERTIBLE BONDS WITH 4 PCT INTEREST RATE, AND 61,927,700 GEQUITY WARRANTS

* THE COMPETITIVE BIDDING WINNER IS HRD ITALIA SRL, WHICH BID 752,000 EUROS FOR THE WHOLE PACKAGE

Source text: reut.rs/2rNG31D

Further company coverage: (Gdynia Newsroom)

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