Brief: Amica Acquires Exclusive Right To Sauter Trade Mark in France
BRIEF-Amica Acquires Exclusive Right To Sauter Trade Mark in France June 30 (Reuters) - Amica SA AMCP.WA:
SAID ON MONDAY IT HAD SIGNED LICENSE AGREEMENT WITH HERITAGE BRANDT SAS ON ACQUIRING EXCLUSIVE RIGHT TO USAGE OF SAUTER TRADE MARKS IN FRANCE
DEAL PART OF COMPANY'S 'BACK TO PROFITABILITY' STRATEGY AIMED AT STRENGTHENING PRESENCE ON FRENCH MARKET
DEAL VALID UNTIL 2041 WITH OPTION OF AUTOMATIC RENEWAL
LICENSE FEES DETERMINED BY SALES REVENUE OF LARGE HOUSEHOLD APPLIANCES MARKETED UNDER SAUTER BRAND, PROVIDING IN FIRST 3 YEARS IT SHALL BE NO LESS THAN SEVERAL THOUSANDS OF EUROS ANNUALY AND IN SUBSEQUENT YEARS MINIMUM ANNUAL LICENSE FEES NO LESS THAN 100,000 EUROS
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