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Leeport in Talks to Sell Stake in Milan-listed Prima Industrie to Private Equity Funds

MT Newswires ·  {{timeTz}}

07:15 AM EDT, 07/14/2022 (MT Newswires) -- Leeport Holdings (HKG:0387) is in talks to sell its entire 6.20% stake in Prima Industrie, a Milan-listed laser manufacturer, to Alpha Private Equity Fund and Peninsula Investment.

The distributor of cutting tools is negotiating the disposal of its 649,921 shares in Prima Industrie for 25 euros ($25) per share, a deal that would allow it to raise roughly $16.2 million.

Leeport said it will make a new announcement once it reaches a definitive agreement with the potential buyers, according to a late Wednesday disclosure.

Price (HKD): $0.87, Change: $0.00, Percent Change: 0.00%

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