NatureBank Asset Management Inc. has entered into a share purchase and sale agreement with Forest Finest Consulting GMBH ("FFC") in Germany. FFC to aquire NatureBank's remaining 18% interest in FFC's outstanding shares for Euro 197,010 (approximately C$295,515).
The terms and condition of the agreement include that the sale of the FFC Shares is subject to NatureBank obtaining regulatory approval of the agreement. The share purchase price is payable to NatureBank, and the agreement and sale of the FFC shares is expected to close within 20 days of obtaining regulatory approval of the agreement.
NatureBank previously sold shares prepresenting an 82% interest in the issued and outstanding shares of FFC. Consideration for the sale of the previously sold shares was C$442,800.
NatureBank specializes in advisory, technology and project investment services applied to sustainable commodities and ecological assets, with a primary focus on carbon.
