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CARDEA HOLDING GMBH (FRA:CEA) FRIWO AG: UNO MINDA Group's intended investment in FRIWO AG delayed due to pending Reserve Bank of India approval

Directive transparence : information réglementée

01/04/2022 11:10

DGAP-Ad-hoc: FRIWO AG / Key word(s): Joint Venture/Capital Increase
FRIWO AG: UNO MINDA Group's intended investment in FRIWO AG delayed due to pending Reserve Bank of India approval

01-Apr-2022 / 11:10 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Ostbevern, 01st April 2022 - UNO MINDA still plans to invest around EUR 15 million in FRIWO AG by means of a cash capital increase excluding subscription rights in order to strengthen the industrial partnership between the two groups. The cash capital increase was resolved on 10th December 2021, but was subject to regulatory approval, including that of the Reserve Bank of India. The Reserve Bank of India's approval has been delayed and UNO MINDA is therefore unable to meet the subscription deadline for the issued shares, which expired yesterday. However, the Board of Directors of the FRIWO AG and UNO MINDA continue to assume that a capital increase as envisaged can be implemented in the course of the second quarter of 2022.

Further Information:
Investor Relations
FRIWO AG
Ina Klassen
ir@friwo.com
 

01-Apr-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: FRIWO AG
Von-Liebig-Straße 11
48346 Ostbevern
Germany
Phone: +49 (0)2532 81-0
Fax: +49 (0)2532 81-129
E-mail: ir@friwo.com
Internet: www.friwo.com/de/about/investor-relations/
ISIN: DE0006201106
WKN: 620110
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (General Standard); Regulated Unofficial Market in Hamburg, Munich, Stuttgart
EQS News ID: 1317773

 
End of Announcement DGAP News Service

1317773  01-Apr-2022 CET/CEST

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