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General

Providence demands access to Voo documents for due diligence

Thursday 17 October 2019 | 11:24 CET | News
Nethys, the owner of cable brand Voo, has received a notice of default from US investment fund Providence regarding the sale of Voo, Le Vif reported. The Walloon government earlier suspended the sale of Voo and two other Nethys units to Providence. The notice comes after Nethys, part of public holding company Enodia, failed to give Providence access to legal, fiscal, accounting and economic documents. The US firm requested the documents in order to perform due diligence and assess the value of Voo's assets. The final purchase price depends on the process.

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Categories: General
Companies: Voo
Countries: Belgium
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