Brief: Amper's Unit Amper Sistemas Sells Its Stake In Atlas To Instalvia For 3.6 Mln Euros

Amper SA

30/03/2023 08:54

March 30 (Reuters) - Amper SA  APE.MC :
    * SUBSIDIARY AMPER SISTEMAS ON 28 MARCH 2023 ENTERED INTO A SALE AND PURCHASE AGREEMENT IN
RESPECT
OF ITS ENTIRE SHAREHOLDING IN ATLAS ENGINEERING AND CONSTRUCTION WITH INSTALVIA
TELECOMUNICACIONES
    * AMPER SISTEMAS TRANSMITS TO INSTALVIA SHARES OF ATLAS REPRESENTING 45% OF SHARE CAPITAL,
FOR A
TOTAL PRICE OF 3.6 MILLION EUROS, WITH A PAYMENT OF 2.5 MILLION EUROS MADE ON MARCH 28, 2023
    * WITH THIS TRANSACTION, IT ACHIEVES TOTAL FINANCIAL CAPITAL GAINS OF EUR 3.3 MILLION, PLUS
ADDITIONAL DIRECT COST SAVINGS FROM EXIT OF AMPER FROM MANAGEMENT OF ATLAS
    * THERE WILL BE OTHER TWO DEFERRED PAYMENTS OF 525,000 EUROS, EACH OF THEM, PAYABLE ON JUNE
30,
2024 AND ON 31 DECEMBER 2024, RESPECTIVELY

Source text for Eikon:  ID:nCNMb3crGZ 
Further company coverage:  APE.MC 

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