Brief: Cellularline To Buy 60 Pct Of Systemaitalia

Cellularline SpA

25/02/2019 07:17

Feb 25 (Reuters) - Cellularline SpA  CELL.MI :
    * SAID ON FRIDAY IT HAD SIGNED BINDING AGREEMENT TO ACQUIRE
MAJORITY STAKE IN SYSTEMAITALIA
    * AGREEMENT ENVISAGES ACQUISITION OF 60 PCT STAKE IN
SYSTEMAITALIA
WHICH CAN BE RAISED TO 100 PCT BY 2021 
    * PRICE OF ACQUISITION OF 60 PCT STAKE IS EQUAL TO EUR 2.5
MLN AND
WILL BE PAID IN CASH
    * HAS OPTION TO PARTIALLY OR FULLY PAY FOR REMAINING STAKE
IN
SHARES

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIAbGp4bw
    
 Further company coverage:  CELL.MI  
   


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