Asseco Poland Says Sale Finalization Of Sapiens International Corporation Shares To Boost FY Result

Reuters14:34

Dec 19 (Reuters) - Asseco Poland ::
*SAID ON THURSDAY THAT FORMULA SYSTEMS (1985) HAS FINALIZED SALE OF SAPIENS INTERNATIONAL CORPORATION TO ADVENT ON DEC 17
*FORMULA SYSTEM'S (1985) STAKE IN SAPIENS REDUCED FROM 43.5% TO ABOUT 18% POST-TRANSACTION
*AS A RESULT, FORMULA SYSTEMS (1985) AND ASSECO POLAND LOSE CONTROL OVER SAPIENS INTERNATIONAL CORPORATION
*COMPANY MAINTAINS THAT FINALIZATION OF SALE IS EXPECTED TO HAVE SIGNIFICANT POSITIVE IMPACT ON ASSECO GROUP'S 2025 RESULT

((Reuters Investor Briefs; email: reutersinvestor.briefs@thomsonreuters.com))
Source Date/Time = 19-DEC-202506:25:00 GMT

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