April 18, 2019 / 7:59 AM / 10 months ago

BRIEF-PL Group Signs LoI With London-based PU Group

April 18 (Reuters) - PL GROUP SA:

* SAID ON WEDNESDAY THAT IT HAS SIGNED A LETTER OF INTENT (LOI) WITH LONDON-BASED PU GROUP LTD REGARDING PURCHASE OF STAKE IN PU GROUP

* THE COMPANY WANTS TO BUY FROM 3% TO 10% STAKE IN PU GROUP

* THE TWO COMPANIES ESTIMATED THE INITIAL VALUE OF PU GROUP AT 10 MILLION ZLOTYS

* THE LETTER OF INTENT EXPIRES ON MAY 1

Source text for Eikon:

Further company coverage: (Gdynia Newsroom)

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