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BRIEF-Alba sells 19.8 pct of Flex for 59.2 mln euros
March 29, 2017 / 5:29 AM / 9 months ago

BRIEF-Alba sells 19.8 pct of Flex for 59.2 mln euros

March 29 (Reuters) - Corporacion Financiera Alba SA :

* Said on Tuesday that through Deya Capital SCR SA it had sold its entire 19.75 percent stake in Flex Equipos de Descanso SA (Flex) for 59.2 million euros ($64.0 million), with capital gains of 40.7 million euros

* It has sold 6.7 percent stake in Flex to the company itself, which acquired it as treasury stock for subsequent amortization, for 20.0 million euros

* It has sold the remaining 13.1 percent stake to a financial investor for 39.2 million euros

Source text for Eikon:

Further company coverage: ($1 = 0.9252 euros) (Gdynia Newsroom)

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