Brief: Rpt-Tinexta Buys 20% Of Defence Tech For EUR 25.0 Mln

Defence Tech Holding SpA SB

28/12/2022 17:28

Dec 28 (Reuters) - Tinexta Spa  TNXT.MI :
    * TINEXTA HAS A CALL OPTION ON THE REMAINING STAKES OF
DEFENCE
TECH SHAREHOLDERS COMUNIMPRESA AND GE.DA EUROPE TO BE EXERCISED
IN 2024
    * SIGNS BINDING AGREEMENT TO BUY 20% OF DEFENCE TECH GROUP
FOR EUR
25.0 MILLION
    * WITHIN TWO DAYS OF THE CLOSING OF THE OPERATION, DEFENCE
TECH
SHAREHOLDERS COMUNIMPRESA, GE.DA EUROPE AND STARLIFE S.R.L. WILL
START A REVERSE ABB TO BUY 5.6% OF DEFENCE TECH SHARES
    * CLOSING OF THE OPERATION EXPECTED IN H1 2023

Further company coverage:  TNXT.MI 
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