PPY papyrus australia limited
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News: PPY Papyrus Australia Signs Share Sale And Purchase Agreement With Egypt Banaba Fibre

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    29/01/24
    11:35
    Post #: 72107518

    Jan 29 (Reuters) - Papyrus Australia Ltd (PPY) :

    • SIGNED A SHARE SALE AND PURCHASE AGREEMENT WITH EGYPT BANABA FIBRE
    • EBFC'S SHAREHOLDERS OTHER THAN PPYM WILL INCORPORATE A NEW COMPANY
    • PPY WILL ISSUE TO NEWCO 15% OF ITS ORDINARY FULLY PAID SHARES
    • AGREEMENT FOR ACQUISITION BY PPY OF EBFC'S NON-PPY OWNED INTEREST IN JV, PAPYRUS EGYPT LLC
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