Brief: Basic Net Buys 100% Of K-Way France For Prelim. Investment Of About EUR 33 Mln

Basic Net SpA

01/04/2022 07:40

April 1 (Reuters) - Basic Net SpA  BCNT.MI :
    * ACQUIRES 100% OF CAPITAL OF K-WAY FRANCE
    * CONSIDERATION AGREED FOR ACQUISITION SEES A FIXED
COMPONENT, TO
BE PAID AT CLOSING EXPECTED BY  END OF APRIL 2022 EQUAL TO EUR
19.8 MILLION, AND A VARIABLE COMPONENT, WHICH WILL BE DETERMINED
AS A SHARE OF  NET PROFITS MADE BY K-WAY FRANCE IN PERIOD
2022-2025
    * TOTAL COST OF EQUITY INVESTMENT IS PRELIMINARILY ESTIMATED
AT
AROUND EUR 33 MILLION

Further company coverage:  BCNT.MI 

 (Reporting by Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))