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BIE - Bioera SpA News Story

€0.237 -0.0  -0.8%

Last Trade - 2:35pm

Sector
Consumer Defensives
Size
Micro Cap
Market Cap £3.27m
Enterprise Value £10.1m
Revenue £18.1m
Position in Universe 710th / 729

BRIEF-Bioera Signs Settlemnet Agreement With Idea Team

Mon 13th January, 2020 6:46am
Jan 13 (Reuters) - Bioera SpA  BIE.MI :
    * SAID ON SATURADY CO SIGNED SETTLEMENT AGREEMENT WITH KI
GROUP
 KI.MI , BIOFOOD ITALIA, AND IDEA TEAM 
    * UNDER AGREEMENT BIOERA, KI GROUP, AND BIOFOOD WILL BE
PAYING EUR
3.5 MLN TO IDEA TEAM
    * UNDER DEAL, BIOERA AND BIOFOOD WILL BE PAYING EUR 0.1 MLN
TO
IDEA TEAM IN THREE TRANCHES UNTIL DEC. 2024
    * UNDER SAME DEAL, KI GROUP WILL BE PAYING EUR 3.4 MLN TO
IDEA
TEAM, OF WHICH EUR 1.9 MLN AS CONSIDERATION FOR RIGHT OF
WITHDRAWAL 
    * UPON PAYMENT OF EUR 0.6 MLN BY FEB. 14, IDEA TEAM WILL
TRANSFER
TO KI GROUP SHARES SUBJECT TO WITHDRAWAL 

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIAbJ3gJG urn:newsml:reuters.com:*:nBIA79lMyF
    
 Further company coverage:  BIE.MI  
   


 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10))
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