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BRIEF-NADEC signs MoU with ASD to study possibility of business combination
October 8, 2017 / 5:20 AM / 16 days ago

BRIEF-NADEC signs MoU with ASD to study possibility of business combination

Oct 8 (Reuters) - NATIONAL AGRICULTURE DEVELOPMENT CO

* SIGNS MOU WITH AL SAFI DANONE COMPANY LIMITED (ASD) TO STUDY POSSIBILITY OF BUSINESS COMBINATION

* TO STUDY POSSIBILITY OF MERGER OF NATIONAL AGRICULTURAL DEVELOPMENT COMPANY (NADEC) AND ASD BY WAY OF ACQUISITION OF ALL OF SHARES OF ASD BY NADEC

* ON COMPLETION OF PROPOSED TRANSACTION, CURRENT ASD SHAREHOLDERS WILL OWN 38.75 PERCENT NADEC‘S PRO FORMA ISSUED SHARE CAPITAL Source text for Eikon: Further company coverage:

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