BRIEF-Mepco Signs SpA For Acquisition Of Entire Shareholding Of MPCCC

-1.58%

MEPCO

1202.SA

0.00

March 27 (Reuters) - Middle East Company for Manufacturing and Producing Paper SJSC 1202.SE:

SIGNING OF A SPA FOR ACQUISITION OF ENTIRE SHAREHOLDING OF AL-MEDAN PROJECT COMPANY FOR CORRUGATED CARTON
CONSIDERATION CONSISTING OF A CASH AMOUNT OF 91 MILLION RIYALS
REMAINING CONSIDERATION TO BE PAID THROUGH ISSUANCE OF NEW ORDINARY SHARES IN MEPCO
- UPON COMPLETION OF ACQUISITION, MEPCO’S OWNERSHIP IN SHARE CAPITAL OF MPCCC WILL BE 100%

Source text: ID:nSSEp1KJb

Further company coverage: 1202.SE

((Reuters.Briefs@thomsonreuters.com;))

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