Brief: Italy's IEG Proposes To Advance Purchase Option Period For "OroArezzo" And "GoldItaly" Trade Shows

Italian Exhibition SpA

28/10/2019 16:13

Oct 28 (Reuters) - Italian Exhibition Group SpA (Italy's
IEG)  IEG.MI :
    * PROPOSES TO AREZZO FIERE E CONGRESSI TO ADVANCE PURCHASE
OPTION
PERIOD FOR PURCHASE OF CERTAIN ASSETS AND RIGHTS RELATED TO
"OROAREZZO" AND "GOLDITALY" TRADE SHOWS
    * VALUE PROPOSED FOR ACQUISITION OF ASSETS AND RIGHTS IS
DETERMINED BY FIXED COMPONENT OF EUR 3.5 MILLION
    * VALUE PROPOSED FOR ACQUISITION OF ASSETS AND RIGHTS
INCLUDES
ALSO VARIABLE COMPONENT THAT MAY REACH MAXIMUM VALUE OF EUR
956,000
    * IF AREZZO FIERE E CONGRESSI ACCEPTS PROPOSAL AND ASSETS
AND
RIGHTS ARE TRANSFERRED, IEG WILL NOT HAVE TO BEAR EUR 1.1
MILLION CONCESSION FEE CHARGE FOR AREZZO EVENTS IN 2020
    * PROPOSAL TO AREZZO FIERE E CONGRESSI PROVIDES FOR DEADLINE
FOR
ACCEPTANCE AND ITS FORMALIZATION SET FOR DEC 13, 2019

Source text for Eikon:  ID:nBIA1xcGbn 
Further company coverage:  IEG.MI 

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