May 22, 2020 / 4:10 PM / 11 days ago

BRIEF-Akwel Plans to Put Buyout Offer On Novares Group On Hold

May 22 (Reuters) - AKWEL SA:

* INFORMATION ON THE BUYOUT OFFER ON NOVARES GROUP

* REMAINS IN TALKS WITH ALL STAKEHOLDERS WITH A VIEW TO LOOKING INTO THIS OPPORTUNITY FOR A BUSINESS COMBINATION OVER SHORT OR MEDIUM TERM

* INFORMED JUDICIAL ADMINISTRATORS FHB THAT IT IS NOT CURRENTLY IN A POSITION TO SATISFY CONDITIONS PRECEDENT RELATING TO ITS OFFER

* INDICATED THAT IT WOULD NOT BE POSSIBLE IN JUST FOUR WEEKS TO OBTAIN PRIOR AUTHORISATIONS REQUIRED FROM COMPETITION AUTHORITIES Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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