Brief: Asseco SEE Unit Takes Over Dwelt For Up To EUR 10.0 Mln

Asseco South Eastern Europe SA

21/12/2023 07:29

Dec 21 (Reuters) - Asseco South Eastern Europe SA
 ASEP.WA :
    * UNIT SIGNS DEAL FOR PURCHASE OF 60% STAKE IN DWELT
    * UNIT ALSO SIGNS PUT AND CALL OPTION DEAL ON REMAINING 40%
STAKE
IN DWELT
    * SAID 60% STAKE TO BE BOUGHT FOR NO MORE THAN EUR 10.0
MILLION
    * PRICE FOR REMAINING 40% STAKE WILL NOT EXCEED EUR 20.8
MILLION
    * UNIT MAY EXECUTE OPTION IN TWO PHASES, EARLIER IN JANUARY
1,
2026, AND JANUARY 1, 2028
    * SAID PURCHASE TO BE FOUNDED FROM OWN FUNDS AND LOAN
    * DWELT OPERATES IN BOSNIA AND HERZEGOVINA IN PRODUCTION,
SUPPLY,
AND INTEGRATION OF BILLING PLATFORM AND SMART METER SYSTEMS FOR
UTILITIES
    * DWELT FY 2022 OPERATING RESULT CAME AT EUR 2.6 MILLION

Source text for Eikon:  ID:nEM7nBsk4a 
Further company coverage:  ASEP.WA 

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