Brief: Doxee Buys 90% Of Austria's Infinica

Doxee SpA

14/09/2022 06:48

Sept 14 (Reuters) - Doxee SpA  DOXE.MI :
    * SAID ON TUESDAY GROUP ACQUIRED 90% OF AUSTRIA'S INFINICA
FOR EUR
9.5 MILLION, WITH OPTION TO PURCHASE REMAINING 10%
    * DEAL TO BE COMPLETED BY END OF OCT 2022
    * ACQUISITION FINANCED WITH EUR 3.5 MILLION OF OWN
RESOURCES, BANK
FINANCING FOR EUR 6 MILLION
    * REMAINING 10% IS ON PUT-AND-CALL OPTION AGREEMENT TO BE
EXERCISED IN TWO TRANCHES, FIRST IN 2023 FOR 5% AND SECOND IN
2026 FOR 5%, UP TO EUR 5 MILLION
    * ACQUISITION TO ACCELERATE RELEASE OF DOXEE PLATFORM BY 18
MONTHS

        
 Further company coverage:  DOXE.MI  

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))