Brief: H-Farm Sells Depop To Etsy
02/06/2021 11:57
June 2 (Reuters) - H-Farm SpA HFARM.MI :
* DEPOP, THE STARTUP BORN IN H-FARM IN 2011, SOLD FOR OVER
1.6
BILLION DOLLARS TO ETSY
* THANKS TO EARN-OUT CLAUSE, H-FARM WILL COLLECT ABOUT
FURTHER EUR
6 MILLION AND, AGAINST INITIAL INVESTMENT OF EUR 792,000,
REACHING TOTAL OF EURO 11 MILLION IN RECEIPTS
* WITH THE CONSIDERATION OF EARN-OUT, H-FARM WILL EXCEED
EXPECTATIONS OF BUSINESS PLAN
Source text for Eikon: urn:newsml:reuters.com:*:nBIA55r0ND
Further company coverage: HFARM.MI
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