Brief: Italia Independent Group FY Net Loss Shrinks To EUR 9.8 Mln

IIG SpA in Liquidazione

29/03/2018 17:29

March 29 (Reuters) - Italia Independent Group Spa  IINT.MI :
    * FY PRODUCTION VALUE EUR 22.1 MILLION VERSUS EUR 24.3 MILLION YEAR AGO
    * FY NET LOSS EUR 9.8 MILLION VERSUS LOSS EUR 12.3 MILLION YEAR AGO
    * HAS SIGNED LICENSE AGREEMENT TO MAKE DISNEY, MARVEL AND LUCAS FILM THEMED GLASSES
    * SIGNS FINAL AGREEMENTS WITH MMS ITALY HOLDINGS TO SELL 26 PERCENT OF INDEPENDENT IDEAS
    * LAPS TO GO HOLDING HAS REACHED AGREEMENT TO SELL THE OTHER 25 PERCENT OF INDEPENDENT IDEAS
    * BOARD PROPOSES RIGHTS ISSUE OF UP TO EUR 4.9 MILLION
    * FULL SUBSCRIPTION OF RIGHTS ISSUE IS GUARANTEED BY TOP SHAREHOLDER LAPO ELKANN

Source text for Eikon:  ID:nBIA82JtdG 
Further company coverage:  IINT.MI 

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