Brief: Bialetti Industrie signs preliminary agreement with Trevidea for sale of brand Girmi
16/12/2015 16:52
Dec 16 (Reuters) - Bialetti Industrie SpA BIA.MI :
* Signs preliminary agreement with Trevidea Srl for sale of brand Girmi and a patent for 3
million euros ($3.28 million)
* The agreement is subject to condition precedent namely to the issuance by June 30, 2016 of
the consent of Bialetti's lending banks, that signed in 2012 a loan agreement secured by pledges
on brand Girmi and Aeternum, and cancellation of the lien that the banks claim
* If the conditions precedent do not occur within above mentioned period the parties will be
free from all obligations related to the sale of brand and patent
* The contract envisages also sale of some of the products of Girmi brand for up to 1.5
million euros
* Final price is to be determined in Jan. 2016
Source text: http://bit.ly/1QKIHw4
Further company coverage: BIA.MI
($1 = 0.9154 euros)
(Gdynia Newsroom)
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