Brief: H-Farm: new acquisitions in education sector

H-Farm SpA

29/06/2017 07:10

June 29(Reuters) - H-FARM SPA  HFARM.MI : 
    * ANNOUNCED ON WEDNESDAY IT HAS RAISED ITS STAKE IN BIGROCK, 
SCHOOL OF COMPUTER GRAPHICS, TO 99 PCT FROM 30 PCT PREVIOUSLY 
HELD 
    * VALUE OF TRANSACTION AT 2.3 MILLION EUROS, OF WHICH 1.9 
MILLION EUROS IS PAID IN CASH AND REMAINING PART IN H-FARM 
SHARES, RECENTLY ACQUIRED THROUGH TENDER OFFER TRANSACTION(50 
PCT AT THE SIGNATURE DATE AND REMAINING 50 PCT AT JULY 15, 2018 
WITH OBLIGATION TO LOCK-UP TO 18 AND 24 MONTHS)  
    * THE CO HAS ALSO ACQUIRED 100 PCT OF ENGLISH INTERNATIONAL 
SCHOOL DI ROSÀ 
    * TRANSACTION VALUE IS 2.5 MILLION EUROS, OF WHICH 2.1 
MILLION EUROS IS PAID IN CASH AND REMAINING PART IN H-FARM 
SHARES, RECENTLY ACQUIRED THROUGH TENDER OFFER TRANSACTION 
(BOUND FOR 50 PCT TO 12 MONTHS AND REMAINING 50 PCT AT 24 MONTHS 
 
     
 Source text: http://reut.rs/2spjdgQ 
     
 Further company coverage:  HFARM.MI   
    
 
 
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