Brief: BasicNet Signs Letter Of Intent For Purchase Of 100% Of K-Way France
23/12/2021 16:53
Dec 23 (Reuters) - Basic Net SpA BCNT.MI :
* SIGNS LETTER OF INTENT WITH K-WAY FRANCE SHAREHOLDERS FOR
PURCHASE OF 100% OF K-WAY FRANCE
* FIXED PRICE FOR ACQUISITION IS EQUAL TO EUR 8 MILLION, IN
ADDITION TO VALUE OF SHAREHOLDERS' EQUITY OF K-WAY FRANCE AT
2021 END, ESTIMATED AT APPROX. EUR 10 MILLION
* VARIABLE PRICE, IN ANY EVENT FOR NOT LESS THAN EUR 6
MILLION, TO
BE DETERMINED AS PORTION OF K-WAY FRANCE'S REPORTED NET PROFITS
FOR 2022-25 PERIOD
* TRANSACTION IS EXPECTED TO BE FINALISED BY JUNE 30, 2022
Further company coverage: BCNT.MI
(Gdansk Newsroom)
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