Brief: Intracom To Sell Intracom Defense To Israel Aerospace Industries For EUR 60 Million

Intracom SA Holdings

09/05/2023 11:43

May 9 (Reuters) - Intracom Holdings SA  INRr.AT :
    * INTRACOM TECHNOLOGIES SUBSIDIARY SIGNED BINDING AGREEMENT
WITH
ISRAEL AEROSPACE INDUSTRIES (IAI) TO SELL 90.91% OF EQUITY
    * AGREEMENT IS FOR THE SALE OF INTRACOM DEFENSE (IDE), VALUE
OF
THE SALE OF 90.91% STAKE OF IDE TO IAI AMOUNTS TO CIRCA EUR 60
MILLION
    * TRANSACTION TO BE COMPLETED WITHIN Q2 2023

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