Brief: Basic Net unit acquires Sebago brand from Wolverine World Wide

Basic Net SpA

01/08/2017 09:18

Aug 1 (Reuters) - BASIC NET SPA  BCNT.MI : 
    * SAID ON MONDAY IT SIGNED THE AGREEMENT FOR THE ACQUISITION 
OF THE SEBAGO BRAND FROM THE AMERICAN COMPANY WOLVERINE WORLD 
WIDE 
    * INTELLECTUAL PROPERTY RIGHTS FOR THE SEBAGO TRADEMARKS AND 
RELATED ASSETS HAVE BEEN ACQUIRED BY TOS SRL, A COMPANY FULLY 
OWNED BY THE BASICNET GROUP, FOR USD 14.25 MILLION 
    * THE OPERATION HAS BEEN FUNDED THROUGH A EUR 13 MILLION 
LOAN GRANTED BY MPS CAPITAL SERVICES BANCA PER LE IMPRESE SPA 
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIA57BCs1 
     
 Further company coverage:  BCNT.MI   
    
 
 
 (Gdynia Newsroom) 
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