Brief: ASM Group Closes Transaction To Buy Vertikom

ASM SA

06/06/2018 06:55

June 6 (Reuters) - ASM GROUP SA  ASMG.WA :
    * SAYS THAT IT HAS SIGNED A CLOSING MEMORANDUM REGARDING
BUYING
91.6% SHARES OF VERTIKOM GMBH
    * SAYS FENTUS 91.GMBH, IN WHICH ASM GROUP HOLDS 50.1%, HAS
BOUGHT
VERTIKOM STAKE FOR AN INITIAL PRICE OF 19.4 MILLION EUROS 
    * FINAL SETTLEMENT OF THE TRANSACTION WILL TAKE PLACE WITHIN
90
DAYS STARTING FROM JUNE 5 AND WILL BE BASED ON VERTIKOM'S
CONSOLIDATED RESULTS
    * UNDER THE DEAL VERTIKOM'S SELLERS WILL BE ENTITLED TO EARN
OUT
AMOUNTING TO 1% OF VERTIKOM'S 2018 REVENUE PROVIDED THAT ITS
2018 REVENUE EXCEEDS 2017 REVENUE

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEMpXrKwa
    
 Further company coverage:  ASMG.WA  
   


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