Brief: Atari Partners With ICICB Group To Build Hotels

Atari SA

10/03/2021 17:37

March 10 (Reuters) - ATARI SA  ATAR.PA :
    * ATARI® PARTNERS WITH ICICB GROUP AND GRANTS LICENSING
RIGHTS TO
BUILD ATARI HOTELS IN DUBAI, GIBRALTAR, AND SPAIN
    * UNDER PROVISIONS OF AGREEMENT, ATARI IS ENTITLED TO 5% OF
REVENUES GENERATED FROM HOTELS
    * IN ADDITION, ATARI IS ENTITLED TO RECEIVING AN AMOUNT OF
US$0.5
MILLION, IN FORM OF A NON-REFUNDABLE ADVANCE PAYMENT AND
CONSULTING FEES
    * ATARI RESERVES RIGHTS FOR DEVELOPMENT OF SIMILAR HOTELS IN
UNITED STATES AND WORLDWIDE

Source text for Eikon:  ID:nGNEbpqpVl 
Further company coverage:  ATAR.PA 

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