Brief: Intek Group Signs Framework Deal With EGM

KME SpA

20/05/2021 06:34

May 20 (Reuters) - Intek Group SpA  IKG.MI :
    * SAID ON WEDNESDAY HAD SIGNED FRAMEWORK AGREEMENT WITH S.A.
EREDI
GNUTTI METALLI (EGM)
    * DEAL PROVIDES FOR TRANSFER OF EGM'S LAMINATES BUSINESS TO
NEWCO
- CALLED ILNOR - 100% CONTROLLED BY KME ITALY, PART OF KME GROUP
CONTROLLED BY INTEK
    * UNDER DEAL, EGM TO REINVEST WHOLE CONSIDERATION OF
TRANSACTION,
EQUAL TO EUR 21.8 MLN, IN NEWLY ISSUED KME ITALY SHARES,
BECOMING SHAREHOLDER WITH A 14-16% STAKE 

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIA6xF0Ym
    
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