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BRIEF-Alviva says DCT buys 51 pct stake in Sintrex
September 7, 2017 / 5:11 AM / 3 months ago

BRIEF-Alviva says DCT buys 51 pct stake in Sintrex

Sept 7 (Reuters) - Alviva Holdings Ltd:

* ALVIVA HOLDINGS - DCT HOLDINGS ENTERED INTO AGREEMENT TO ACQUIRE 51% OF SINTREX, HAS AN OPTION TO ACQUIRE A FURTHER 24% WITHIN TWO YEAR PERIOD AFTER EFFECTIVE DATE OF TRANSACTION

* TRANSACTION IS INTER ALIA CONDITIONAL ON CLEARANCE FROM RELEVANT COMPETITION AUTHORITIES

* ALVIVA HAS ACQUIRED, FOR A NOMINAL AMOUNT, 75% OF GRIDCARS THROUGH ITS SUBSIDIARY SOLAREFF (PTY) LIMITED Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 80 6749 1136)

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