March 21, 2018 / 2:09 PM / 4 months ago

BRIEF-FormPipe Agrees To Acquire Remaining Shares In FormPipe Intelligo

March 21 (Reuters) - FORMPIPE SOFTWARE AB:

* REG-FORMPIPE HAS ENTERED INTO AN AGREEMENT TO ACQUIRE THE REMAINING SHARES IN THE SUBSIDIARY FORMPIPE INTELLIGO AB

* ‍PAYMENT SHALL BE MADE WITH NOT MORE THAN 909,090 NEWLY ISSUED SHARES IN FORMPIPE​

* ‍ACQUIRES MINORITY STAKE OF 35.1 PER CENT OF SHARES IN FORMPIPE INTELLIGO FROM STAFFAN HUGEMARK​

* ‍FORMPIPE INTELLIGO WILL BECOME A WHOLLY-OWNED SUBSIDIARY TO FORMPIPE AFTER ACQUISITION​

* ‍ACQUIRES MINORITY STAKE OF 35.1 PERCENT OF SHARES IN FORMPIPE INTELLIGO FROM STAFFAN HUGEMARK WITH PURCHASE PRICE OF SEK 10.7 MILLION​ Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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