Brief: Basic Net signs distribution licensee agreement for Italian brand Briko
18/03/2016 11:14
March 18 (Reuters) - Basic Net SpA BCNT.MI :
* Signs an exclusive global distribution licensee agreement with sub-license rights for
Italian brand briko
* Agreement includes purchase option for Basic Net on Briko brand, exercizable until June
30, 2019 at pre-established conditions
* Investment required, which currently may not be exactly calculated, is about 3 million
euros ($3.38 million)
* Briko produces helmets, sunglasses and clothing for skiing and cycling
Source text for Eikon: urn:newsml:reuters.com:*:nBIA18165 and ID:nBIA1816c
Further company coverage: BCNT.MI
($1 = 0.8870 euros)
(Gdynia Newsroom)
((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;))