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COX ABG Group SA ( (ES:COXG) ) has issued an update.
Cox ABG Group S.A. has announced a potential share exchange operation involving specific shareholders of Cox Energy, S.A.B. de C.V. The proposed operation, currently in its study phase, involves a capital increase through a non-cash contribution, with an exchange ratio of one Cox ABG share for every five Cox Energy shares. The company has not confirmed the execution of this operation and does not plan to extend it to all Cox Energy shareholders or make a public purchase offer at this time.
More about COX ABG Group SA
YTD Price Performance: -12.28%
Average Trading Volume: 5,597
Find detailed analytics on COXG stock on TipRanks’ Stock Analysis page.