Brief: Emeis Ends Partnerships Initiated By Former Management Team With Mr. Tribuno

Emeis SA

01/08/2024 07:07

Aug 1 (Reuters) - Emeis SA  EMEIS.PA :
    * SIGNATURE OF AN AGREEMENT TERMINATING PARTNERSHIPS AND
BUSINESS
RELATIONSHIPS INITIATED BY FORMER MANAGEMENT TEAM WITH MR.
TRIBUNO
    * THE TRANSACTION INVOLVES ACQUISITION OF ENTIRE SHARE
CAPITAL AND
VOTING RIGHTS OF 17 COMPANIES1 BASED IN ITALY, LUXEMBOURG AND
GERMANY
    * AGREEMENT PUTS AN END IN A CONSTRUCTIVE WAY TO ALL
RELATIONS
BETWEEN EMEIS AND MR TRIBUNO AND TO ANY DISPUTES THAT MAY HAVE
EXISTED BETWEEN PARTIES
    * LIPANY S.A. (LUXEMBOURG), RODEVITA S.A. (LUXEMBOURG) AND
RODEVITA SPA (ITALY) ARE NOT INCLUDED IN SCOPE OF CONSOLIDATION
TAKEN OVER BY EMEIS
    * TOTAL VALUE OF ASSETS ACQUIRED (TANGIBLE AND INTANGIBLE
ASSETS)
IS ESTIMATED BY EMEIS AT AROUND EUR 110 MILLION
    * VALUE SHOULD BE CONSIDERED ALONG WITH EXTERNAL FINANCIAL
DEBT OF
COMPANIES ACQUIRED AT AROUND EUR 130 MILLION
    * OF WHICH AROUND EUR 100 MILLION BENEFITED FROM A GUARANTEE
ISSUED BY PARENT COMPANY OF EMEIS GROUP
    * SCOPE OF TRANSACTION WILL BE FULLY CONSOLIDATED IN GROUP'S
ACCOUNTS IN SECOND HALF OF 2024

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