January 9, 2019 / 6:10 AM / 13 days ago

BRIEF-Orascom Development Holding Enters Into Agreement With Samih Sawiris

Jan 9 (Reuters) - Orascom Development Holding AG:

* EQS-ADHOC: ORASCOM DEVELOPMENT HOLDING AG: ENTERED INTO AN AGREEMENT WITH SAMIH SAWIRIS FOR THE POTENTIAL PURCHASE OF 1% AND ONE SHARE OF ANDERMATT SWISS ALPS (ASA) WITHIN THE NEXT TWO YEARS.

* ENTERED INTO AGREEMENT WITH SAMIH SAWIRIS FOR POTENTIAL PURCHASE OF 1% AND ONE SHARE OF ANDERMATT SWISS ALPS

* AGREEMENT IS VALID UNTIL 31ST DECEMBER 2020

* TRANSACTION WOULD TAKE PLACE AT A PURCHASE PRICE OF CHF 3.2 MILLION Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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