BRIEF-Deneb Investments to buy Formex Industries for r25 mln

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BRIEF-Deneb Investments to buy Formex Industries for r25 mln
Credit: © Reuters.

July 10 (Reuters) - Deneb Investments Ltd DNBJ.J

* Deneb has entered into a sale of shares and claims agreement with hosken consolidated investments limited

* Purchase consideration payable by deneb to sellers for sale equity is r25,058,000

* Deneb agreed to purchase 10 pct of shares in formex, hci shareholder claims in Formex and portion of hci-treasury loan claim against Formex Source text for Eikon: ID:nJseJ0021a Further company coverage: DNBJ.J

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