Brief: Digital360 To Buy 51% Of Methodos Group For EUR 4.3 Mln

Digital360 SpA

28/06/2022 06:33

June 28 (Reuters) - Digital360 SpA  DIGT.MI :
    * SAID ON MONDAY IT HAD SIGNED BINDING AGREEMENT FOR 51%
STAKE IN
METHODOS GROUP FOR EUR 4.3 MLN
    * POSSIBLE EARN OUT OF EUR 1.1 MLN DEPENDANT ON ACHIEVING
CERTAIN
ECONOMIC TARGETS
    * DEAL PROVIDES FOR PUT AND CALL OPTIONS FOR ACQUISITION OR
SALE
OF REMAINING 49% STAKE IN METHODOS GROUP
    * DEAL BEING FINANCED THROUGH CREDIT LINES 

Further company coverage:  DIGT.MI  

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