BRIEF-Cie Automotive To Buy Weidplas Brasil For EV 65 Mln Euros

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June 17 (Reuters) - CIE Automotive SA CIEA.MC:

ENTERS INTO AN AGREEMENT FOR PURCHASE OF ENTIRE SHARE CAPITAL OF BRAZILIAN COMPANY WEIDPLAS BRASIL (TECHNIPLAS BRASIL)
ENTERPRISE VALUE OF TRANSACTION AMOUNTS TO AROUND EUR 65 MILLION
PRICE OF TRANSACTION WILL BE PAID IN CASH AT CLOSING AND BY MEANS OF CASH CURRENTLY AVAILABLE
CLOSING OF TRANSACTION IS CONDITIONAL UPON CLEARANCE OF TRANSACTION BY BRAZILIAN ANTITRUST AUTHORITIES
DEAL THROUGH ITS BRAZILIAN SUBSIDIARY AUTOMETAL LTDA

Source text: ID:nCNM9rNCcl

Further company coverage: CIEA.MC

(Gdansk Newsroom)

((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))

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