Brief: Italian Wine Brands Signs Binding Agreements For Acquisition Of 100% Of The Wine Companies Owned By The Barbanera Family

Italian Wine Brands SpA

22/11/2022 19:02

Nov 22 (Reuters) - Italian Wine Brands S.P.A.  ITWB.MI :
    * SIGNS THE BINDING AGREEMENTS FOR THE  ACQUISITION OF 100%
OF THE
WINE COMPANIES OWNED BY THE BARBANERA  FAMILY
    * BARBANERA FAMILY REINVESTS IN IWB THROUGH SUBSCRIPTION FOR
657,906 NEW IWB  COMMON SHARES
    * ITALIAN WINE BRANDS -   OPERATING COMPANIES TO BE
ACQUIRED,
BARBANERA S.R.L. AND FOSSALTO S.R.L.
    * ITALIAN WINE BRANDS- IWB WILL ACQUIRE 100% OF CAPITAL OF
TARGETS
ON BASIS OF A TOTAL EQUITY VALUE OF EURO 42 MILLION WHICH WILL
BE PAID BY IWB IN CASH
    * ITALIAN WINE BRANDS-  UPON COMPLETION OF TRANSACTION,
BARBANERA
FAMILY WILL HOLD TOTAL STAKE OF 6.95% OF SHARE CAPITAL  OF IWB
AFTER CAPITAL INCREASE

Source text for Eikon:  ID:nBIA8mkTDD 
Further company coverage:  ITWB.MI 
 ((Reuters.Briefs@thomsonreuters.com;))