Punch Reaches Agreement with Bencis on the Transfer of Shareholding in Xeikon
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The Gimv-XL fund (being Gimv nv and Gimv-XL Partners Comm.VA) will invest alongside Bencis and acquire an indirect minority stake of approximately 20 percent upon final closing of the transaction, through an investment vehicle held with Bencis.
Conditions
The agreement is subject to a number of conditions precedent that must be fulfilled by no later than September 17, 2013.
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