BRIEF-CIE to sell 80 pct of B-Connect to Spain's Konecta

miércoles 8 de junio de 2016 05:17 GYT

June 8 (Reuters) - Corporacion Interamericana de Entretenimiento SAB de CV (CIE) :

* Said on Tuesday that Spain's Konecta would buy 80 percent of CIE's unit, B-Connect Services SA de CV, for 472 million Mexican pesos ($26 million) before taxes

* Under the terms of the contract Konecta will buy 49 percent of B-Connect in the initial stage and an additional 31 percent stake in the second stage before the end of the second quarter of 2017

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($1 = 18.3367 Mexican pesos) (Gdynia Newsroom)