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BRIEF-Edenred buys 34 pct stake in UTA, issuer of fuel cards
October 20, 2014 / 5:36 AM / 3 years ago

BRIEF-Edenred buys 34 pct stake in UTA, issuer of fuel cards

Oct 20 (Reuters) - Edenred SA :

* Buys from BP PLC subsidiary BP Europa SE a 34 pct stake in Union Tank Eckstein (UTA), issuer of fuel cards

* Says investment in UTA represents about 150 million euros

* Says transaction includes option to buy additional shares, exercisable from 2017, enabling Edenred to increase its stake in uta to 51 pct

* Says transaction expected to have 1 to 2 pct positive impact on net profit in 2015, and 2 to 3 pct positive impact on net profit before amortization of goodwill Source text for Eikon: Further company coverage: (Gdynia Newsroom: +48 58 698 39 20; Gdynia.newsroom@thomsonreuters.com)

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