NEWS

Paloma and Eco-Invest sign contract on €18.2m share capital increase

Saturday, Jul 30, 2016

Tissue producer Paloma of Slovenia signed a contract for an investment via share capital increase of €18.2m by private equity fund Eco-Invest of Slovakia.

After the acquisition of shares in the recapitalisation process Eco-Invest will be required to publish a takeover bid for the remaining shares of Paloma in accordance with the Takeovers Act.

Paloma said that it needs further investments in the modernisation of processes and equipment and that the financial and strategic support of Eco-Invest would allow the company to finalise its restructuring and to complete its strategic investment programme.

 

Source : euwid-paper.com

Other News