Brief: Intek Group Subsidiary KME Signs Deal Of Approx. EUR 8 Mln With Aurubis For Flat Rolled Products Segment

KME SpA

17/02/2022 07:01

Feb 17 (Reuters) - Intek Group SpA  IKG.MI :
    * CONTROLLED COMPANY KME SIGNS SALE AND PURCHASE AGREEMENT
WITH
AURUBIS FOR PARTS OF FLAT ROLLED PRODUCTS SEGMENT
    * PURCHASE PRICE AT CLOSING IS EXPECTED TO BE AROUND € 8
MILLION
PLUS THE VALUE OF THE NET WORKING CAPITAL AT CLOSING DATE
    * CLOSING OF TRANSACTION IS PLANNED FOR SUMMER 2022
    * TRANSACTION WILL BE FUNDED BY KME’S  OWN FINANCIAL
RESOURCES FOR
THE EQUITY AND BY THIRD PARTIES FINANCING FOR WORKING CAPITAL

Further company coverage:  IKG.MI 

 (Reporting by Gdansk Newsroom)
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