Brief: Catena Media Divests Italian Sports And Casino Assets For EUR 19.8 Million
21/11/2023 05:52
Nov 21 (Reuters) - Catena Media PLC CATME.ST :
* CATENA MEDIA DIVESTS ITALIAN SPORTS AND CASINO ASSETS FOR
EUR
19.8 MILLION
* CATENA MEDIA -PURCHASE PRICES FOR SALES ARE PAID IN 3
TRANCHES:
EUR 12.8 MILLION IN OCT AND NOV 2023, EUR 3.5 MILLION IN Q4
2024, AND EUR 3.5 MILLION IN Q2 2025
* CATENA MEDIA PLC- SALE PROCEEDS WILL PRIMARILY BE USED TO
REPAY
DEBT AND TRANSACTIONS WILL GIVE RISE TO AN IMPAIRMENT CHARGE OF
EUR 2.7 MILLION
Source text for Eikon: ID:nWkr9SVCTH
Further company coverage: CATME.ST
((Reuters.Briefs@thomsonreuters.com;))
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