June 22, 2017 / 9:03 PM / a month ago

BRIEF-UOL Group to raise stake in United Industrial Corp

1 Min Read

June 23 (Reuters) - UOL Group Ltd

* Uol to issue shares to haw par in exchange for 60 million uic shares

* Proposed transaction will enable uol to consolidate interest in uic to about 48.94%

* Under the deal, uol has a call option, and haw par has a put option, for united industrial corp shares

* On completion of transaction, uol's stake in uic will increase from 44.71% to about 48.94% Source text for Eikon: Further company coverage:

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