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BRIEF-M&C signs agreement to raise its stake in Treofan to at least 87.7 pct
December 23, 2016 / 7:35 AM / a year ago

BRIEF-M&C signs agreement to raise its stake in Treofan to at least 87.7 pct

Dec 23 (Reuters) - M&C SpA :

* Said on Thursday it had signed an agreement to raise its stake in Treofan to 87.7 pct

* Co is willing to raise its stake in Treofan to 100 pct in case the other shareholders decide to join the agreement and sell their stakes

* Price of the transaction is between 41.0 million euros ($42.81 million) and, in case all shareholders sell their stakes, 46.1 million euros

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$1 = 0.9578 euros Gdynia Newsroom

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