Mutual option for Agrimill stocks
Wednesday, March 16, 2005, 00:00
Produkten Handels AG, a Swiss company with a 26.17% stake in publicly traded grain milling and trading company Agrimill-Agrimpex Rt, signed a mutual stock option deal with majority owner Investor Holding Rt. The agreement gives Investor Holding an optional right to buy the 26.17% stake when its public purchase offer is concluded, while Produkten Handels secured a subsequent sale option. If either party calls the option, Investor?s ownership (direct or indirect through Interag Rt) will increase to 91.27%, and Produkten Handels will have no stake left in the company.