Reuters logo
BRIEF-BMP Holding ‍sells shares in six remaining venture capital minority interests
June 29, 2017 / 1:35 PM / 3 months ago

BRIEF-BMP Holding ‍sells shares in six remaining venture capital minority interests

June 29 (Reuters) - BMP HOLDING AG:

* PARTS WITH REMAINING VENTURE CAPITAL PORTFOLIO

* ‍SOLD SHARES IN ITS SIX REMAINING VENTURE CAPITAL MINORITY INTERESTS TO A PRIVATE INVESTOR IN A SECONDARY TRANSACTION EFFECTIVE 30 JUNE 2017​

* ‍PURCHASE PRICE IS TO BE PAID VIA REPAYMENT OF EXISTING LOANS OF EUR 3.5 MILLION AND A CASH PAYMENT OF EUR 1.5 MILLION​

* ‍IN ADDITION, A 20-50% SHARE IN FUTURE SALES PROCEEDS ABOVE SALE PRICE PLUS ANY FOLLOW-UP INVESTMENTS WAS AGREED​

* ‍CONTINUES TO CONSIDER POSSIBILITY OF BRINGING IN CUBITATO AND FULL INTEGRATION OF EXISTING SUBSIDIARIES​

* ‍A LARGER CAPITAL MEASURE, WHEREBY SHAREHOLDERS WILL HAVE PREEMPTIVE RIGHTS, IS ALSO STILL BEING TARGETED IN SECOND HALF OF 2017​ Source text for Eikon: Further company coverage: (Gdynia Newsroom)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below