Brief: CTT Reaches Agreement To Buy NewSpring Services And Its Holding For 7 Mln Euros
17/06/2021 06:04
June 17 (Reuters) - CTT Correios de Portugal SA CTT.LS :
* SAID ON WEDNESDAY, THROUGH ITS UNIT CTT SOLUCOES
EMPRESARIAIS,
ENTERED INTO AN AGREEMENT TO BUY TOTAL SHARE CAPITAL OF
NEWSPRING SERVICES AND ITS HOLDING HCCM - OUTSOURCING
INVESTMENT, COMPANIES THAT OPERATE IN THE BUSINESS PROCESS
OUTSOURCING (BPO) AND CONTACT CENTER MARKET
* DEAL FOR AN ENTERPRISE VALUE OF 7 MILLION EUROS, DUE AT
CLOSING
OF TRANSACTION, WITH EARNOUTS AGREED, DEPENDING ON THE COMPANY'S
ACTIVITY OVER THE 2 YEARS FOLLOWING THE CLOSING DATE, BASED ON
THE ACHIEVEMENT OF PRE-DEFINED OBJECTIVES FOR NEWSPRING
SERVICES, INCLUDING EBITDA TARGETS
Source text: https://bit.ly/3vrO50I
Further company coverage: CTT.LS
(Gdansk Newsroom)
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