December 22, 2017 / 5:46 AM / in 10 months

BRIEF-Metall Zug Acquires Majority Holding In Haag-Streit Holding AG

Dec 22 (Reuters) - METALL ZUG AG:

* NEW BUSINESS UNIT - ACQUISITION OF A MAJORITY HOLDING IN HAAG-STREIT HOLDING AG

* HAS SIGNED AN AGREEMENT TO ACQUIRE 70% OF HAAG-STREIT HOLDING AG, BASED IN KÖNIZ, SWITZERLAND

* TRANSACTION IS EXPECTED TO BE CONSUMMATED DURING Q1 OF 2018

* PARTIES INVOLVED HAVE AGREED NOT TO DISCLOSE PURCHASE PRICE

* METALL ZUG IS IN A POSITION TO FINANCE PURCHASE PRICE ITSELF FROM AVAILABLE LIQUID FUNDS Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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