RIH signs purchase agreement for the majority share in Helios

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RIH signs purchase agreement for the majority share in Helios

Following constructive negotiations, a group of shareholders of Helios Domžale d.d. (“Helios”) and pledgees in Helios’ shares (together, the “Sellers”) and Ring International Holding coatings, agreed on the terms and conditions of a share purchase agreement (“SPA”) pursuant to which RIH is to acquire 73.12% of the shares in Helios. Completion of the share transfer is still subject to certain conditions customary for this type of transaction, including merger control clearance.

Once the share transfer contemplated by the SPA is completed, RIH will – in accordance with applicable Slovenian law – publish the takeover intention and subsequently a mandatory takeover offer to the remaining minority shareholders of Helios.

Link to the press release.