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Amiad Water Systems confirms investment talks with shareholder FIMI
2nd Sep 2019 15:42
(Sharecast News) - Amiad Water Systems confirmed on Monday that it is in talks with significant shareholder, Israeli private equity firm FIMI Opportunity Funds, about a potential investment in the AIM-listed water treatment company through the placing of new ordinary shares.
"The discussions have not yet materialised into a signed agreement and any placing will remain subject to a number of pre-conditions, including the approval processes of the company," Amiad said in a statement.
The group added that there is no guarantee the talks will lead to an investment and it will update the market "as required in due course".
At 1545 BST, the shares were up 10.5% at 242p.
"The discussions have not yet materialised into a signed agreement and any placing will remain subject to a number of pre-conditions, including the approval processes of the company," Amiad said in a statement.
The group added that there is no guarantee the talks will lead to an investment and it will update the market "as required in due course".
At 1545 BST, the shares were up 10.5% at 242p.