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BRIEF-Marcopolo sells 4.5 million common shares of New Flyer Industries

Published 2016-09-22, 04:26 p/m
© Reuters. BRIEF-Marcopolo sells 4.5 million common shares of New Flyer Industries
POMO4
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Sept 22 (Reuters) - Marcopolo Sa POMO4.SA

* Sold 4.5 million common shares of New Flyer Industries Inc

* Marcopolo SA says disposition of shares was undertaken by Marcopolo to realize a cash return on a portion of its investment in New Flyer

* Currently intends to maintain its equity stake in New Flyer

* Following completion of transaction, Marcopolo remains largest shareholder of New Flyer with an about 10.8% stake

* Paulo Cezar Da Silva Nunes will continue as a member of board of directors of New Flyer.

* Sold 4.5 million common shares of New Flyer representing about 7.4% of issued and outstanding common shares of New Flyer

* Sale of New Flyer shares was a secondary sale on a "bought block trade" basis at a sale price of $40.40 per share

* Paulo Cezar Da Silva Nunes to continue as a member of board of directors of New Flyer. Source text for Eikon: ID:nCCN2dCJHX Further company coverage: POMO4.SA

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