Brief: Bialetti Signs Agreement With Illa To Sell Branch Aeternum

I.l.l.a. S.p.a

03/05/2023 06:55

May 2(Reuters) - Bialetti Industrie Spa  BIA.MI 
    * SAID ON TUESDAY IT HAD SIGNED AGREEMENT WITH ILLA TO SELL
COMPANY BRANCH AETERNUM
    * OPERATION TO BE COMPLETED IN TWO PHASES
    * ILLA WILL PAY EUR 3.8 MLN ON JULY 20 AND EARN-OUT OF UP TO
EUR
1.5 MLN BASED ON 2023 FINANCIAL RESULTS
    * OPERATION IS PENDING ILLA'S SHAREHOLDERS MEETING APPROVAL
AND
GOLDEN POWER REGULATION 

        
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