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Arco Vara AS Signs Share Purchase Agreement for Partial Sale of Bulgarian Subsidiary
Globenewswire· 2026-03-13 07:00
Core Viewpoint - Arco Vara AS has entered into a share purchase agreement to sell a 25% stake in Botanica Lozen EOOD, a Bulgarian company developing a residential project in Sofia, to Kamaleo Invest OOD for EUR 2,200,000 [1][2]. Group 1: Transaction Details - Kamaleo Invest OOD will pay EUR 1,000,000 as a deposit within three business days of signing the agreement, with the remaining amount due upon transaction completion [2]. - The transaction is subject to customary conditions, including converting shareholder loans from Arco Vara AS to Botanica Lozen EOOD into equity through a share capital increase, with completion planned by May 29, 2026 [3]. Group 2: Strategic Implications - Following the transaction, a shareholders' agreement and project management agreement will be established, allowing Kamaleo Invest OOD to provide project management services for Botanica Lozen EOOD [4]. - The involvement of a local partner is expected to facilitate the completion of the Botanica Lozen project, enabling Arco Vara to concentrate on its core market in Estonia [4]. Group 3: Compliance and Governance - The transaction is not classified as a related party transaction under NASDAQ Tallinn Stock Exchange Rules, and there are no personal interests from the Management Board or Supervisory Board members of Arco Vara AS [5].
JCDecaux : Shareholders of APG|SGA approve the selective opting up clause, paving the way for the sale of APG|SGA shares to NZZ
Globenewswire· 2026-01-23 18:19
Core Insights - JCDecaux SE has signed a share purchase agreement to sell 325,519 shares of APG|SGA, representing 10.85% of its share capital to NZZ [1][2] - The transaction requires the introduction of an opting-up provision, which was approved by APG|SGA shareholders, ensuring no mandatory offer by NZZ is triggered [2] - The completion of the sale is anticipated in Q2 2026, pending antitrust approvals [2] Financial Impact - Post-transaction, JCDecaux's stake in APG|SGA will decrease to approximately 5.6% [3] - The deal is expected to generate cash proceeds of around 71 million CHF (approximately 76 million EUR) before transaction costs [3] Company Overview - JCDecaux is the leading outdoor advertising company globally, with 2024 revenue projected at €3,935.3 million and H1 2025 revenue at €1,868.3 million [7] - The company reaches a daily audience of 850 million across more than 80 countries, operating 1,091,811 advertising panels [7] - JCDecaux is recognized for its sustainability efforts, having joined the Euronext Paris CAC® SBT 1.5° index and achieving high ratings in various sustainability assessments [7]
ZyVersa Therapeutics Announces Share Purchase Agreement for up to $10 Million in Partnership with Williamsburg Venture Holdings to Fund Clinical Development of Cholesterol Efflux Mediator™ VAR 200
Globenewswire· 2025-06-25 11:55
Company Overview - ZyVersa Therapeutics, Inc. is a clinical stage specialty biopharmaceutical company focused on developing first-in-class drugs for renal and inflammatory diseases with significant unmet medical needs [5] - The company is advancing a therapeutic development pipeline that includes Cholesterol Efflux Mediator™ VAR 200 for kidney diseases and Inflammasome ASC Inhibitor IC 100 for inflammatory diseases [5] Share Purchase Agreement (SPA) - ZyVersa has entered into a share purchase agreement with Williamsburg Venture Holdings, allowing the company to sell up to $10 million worth of common stock over a 24-month period [3] - The SPA provides ZyVersa with flexibility in planning the timing and amount of equity sales, aiming to minimize dilution while sustaining shareholder value [2][3] - ZyVersa retains control over the timing and amount of all common stock sales, with no associated warrants or derivatives [3] Market Potential - The global drug market for kidney diseases was valued at $18 billion in 2024 and is projected to reach $30 billion by 2034 [1]