Leeport (Holdings) Limited Announces Redemption of Shares in FEMTO S.A.R.L. and Plans Special Dividend

Reuters
Aug 01
Leeport (Holdings) Limited Announces Redemption of Shares in FEMTO S.A.R.L. and Plans Special Dividend

Leeport (Holdings) Limited has announced the completion of a Share Redemption Agreement involving the redemption of Target Shares by the Target Company. The transaction sees the Target Company, a major supplier of sheet metal machinery, being majority-owned indirectly by Alpha Private Equity Fund 7 $(SCA)$ SICAR and Peninsula Investments, each holding a 46.8% stake. Alpha 7, a private equity fund managed by Alpha Management, specializes in mid-cap operations in continental Europe. The Share Redemption is part of the strategic arrangements between the involved parties as disclosed by Leeport (Holdings) Limited.

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