Resilux NV (RESI.BR)
12 Dec 2017
Latest Key Developments (Source: Significant Developments)
Resilux NV:Transfers its participation in the joint venture Airolux and receives 62 million euros in cash.In return for the shares, ATG will pay a cash consideration to resilux of 25 million euros ultimately on May 13, 2016.In addition, ATG will remit by August 31, 2016 the full amount of +/- 37 million euros in cash that Resilux made available to the joint venture through shareholders loans.Says extra funds shall be re-invested in new projects that shall support the further growth of Resilux. Full Article
Airopack Technology Group AG:Takes action to end joint venture with Resilux.ATG, through its new strategic partnership, remains committed to unlocking growth potential of Airopack through further investments.Resilux's outstanding shareholder loans and financial debts to Airolux of around 37 million euros will have to be repaid as required by relevant agreements. Full Article
Resilux NV:Takes note of ATG announcement that it wishes to terminate joint venture Airolux with Resilux.Says will assess actions of ATG and will take appropriate decisions in due time. Full Article
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