Brief: GPI Signs Agreement To Buy 60 Pct of Xidera

Gpi

04/12/2017 16:19

Dec 4 (Reuters) - GPI SPA  GPI.MI : 
    * FINALIZES FRAMEWORK AGREEMENT TO BUY 60 PERCENT OF XIDERA SRL 
    * WILL ACQUIRE STAKE IN XIDERA FOR AROUND 1.0 MILLION EUROS 
    * TO PAY HALF OF PRICE OF ACQUISITION IN CASH AND HALF IN OWN SHARES AT EUR 15.00 PER SHARE 
    * CONTRACT ENVISAGES PURCHASE AND SALE OPTIONS ON REMAINING 40 PERCENT STAKE OF XIDERA 
 
Source text for Eikon:  ID:nBIA3NG3l8  
Further company coverage:  GPI.MI  
 
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