|09 January, 2019

BRIEF: Boubyan Petrochemical Reaches Agreement To Acquire 20.43 Pct Stake In Kuwait Foundry

BOUBYAN PETROCHEMICAL COMPANYBPCC.KW :

* REACHES AGREEMENT WITH AL-KHAIR NATIONAL FOR STOCKS & REAL ESTATE TO ACQUIRE PART OF ITS STAKE IN KUWAIT FOUNDRY

* REACHED AGREEMENT TO ACQUIRE 20.43 PERCENT OF SHARE CAPITAL OF KUWAIT FOUNDRY CO FOR 210 FILLS PER SHARE

* SAYS FINANCIAL IMPACT OF TRANSACTION WILL BE DISCLOSED AFTER EXECUTION THROUGH OFF-MARKET TRADES SYSTEM AT BOURSA KUWAIT

Source:(https://bit.ly/2CX4uSO) Further company coverage: BPCC.KW

((Reuters.Briefs@thomsonreuters.com;))

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