The change in the ownership structure of Bogala Graphite PLC was disclosed on Friday to the Colombo Stock Exchange by Bogala’s Secretaries who said that despite these changes, with an 80 percent shareholding, AMG Graphite will remain the majority shareholder of Bogala.
AMG Mining AG (AMG Graphite), a company incorporated in Germany owns 90.33 percent of the shares of Bogala Graphite. One hundred percent of the shares of AMG Graphite is owned by AMG Advanced Metallurgical Group N.V. incorporated in the Netherlands.
Friday’s filing said that AMG has entered into an agreement Alterna Capital Partners to sell a 40% equity interest in AMG Graphite by way of a capital increase; and to sell 10.33% equity interest in the company for a combined cash price of USD 38 million.
The filing said that the transaction is expected to close during the first quarter of 2015 and is subject to certain closing conditions including regulatory approvals.
www.island.lk
AMG Mining AG (AMG Graphite), a company incorporated in Germany owns 90.33 percent of the shares of Bogala Graphite. One hundred percent of the shares of AMG Graphite is owned by AMG Advanced Metallurgical Group N.V. incorporated in the Netherlands.
Friday’s filing said that AMG has entered into an agreement Alterna Capital Partners to sell a 40% equity interest in AMG Graphite by way of a capital increase; and to sell 10.33% equity interest in the company for a combined cash price of USD 38 million.
The filing said that the transaction is expected to close during the first quarter of 2015 and is subject to certain closing conditions including regulatory approvals.
www.island.lk
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