Bencis to buy Xeikon

Punch International has reached agreement with Bencis Capital Partners Belgium NV to sell its 65.68% share interest in Xeikon at a price per share of EUR 5.85. Assuming that this goes ahead as an unconditional sale, then Bencis will be obliged under the Belgian Act on Financial Supervision to make a mandatory offer for all the remaining shares in Xeikon. In the meantime Punch and Xeikon are attempting to sever their existing ties prior to any sale going ahead.

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