Brief: FC Porto Expects To Close Contract With Reputable International Company Until June 30

Futebol Clube do Porto Futebol SAD

02/04/2024 11:07

April 2 (Reuters) - Futebol Clube do Porto Futebol SAD
 FCPP.LS :
    * EXPECTS TO CLOSE CONTRACT WITH REPUTABLE INTERNATIONAL
COMPANY,
WITH RECOGNIZED EXPERIENCE IN OPTIMIZING COMMERCIAL REVENUES
RELATED TO LARGE EQUIPMENT SPORTS, UNTIL JUNE 30, 2024
    * IS NEGOTIATING A REFORMULATION OF ITS MEDIUM AND LONG-TERM
DEBT
TERM, IN AN ESTIMATED AMOUNT OF 250 MILLION EUROS, AT A
COMPETITIVE INTEREST RATE IN MARKET TERMS
    * AS THIS PARTNERSHIP CONSISTS OF A MINORITY STAKE IN ONE OF
COMPANIES WITH FC PORTO GROUP'S COMMERCIAL RIGHTS, THROUGH
INJECTION OF CAPITAL FOR ESTIMATED 60 TO 70 MILLION EUROS,
COMPANY WILL THUS INCREASE ITS EQUITY BY SAME AMOUNT

Source text: https://tinyurl.com/2adzh8je
Further company coverage:  FCPP.LS 

 (Gdansk Newsroom)
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