Brief: Iervolino Entertainment To Buy 100% Of Arte Video

Lady Bacardi Media SpA

19/11/2019 15:39

Nov 19 (Reuters) - Iervolino Entertainment SpA  IE.MI :
    * SIGNS DEAL TO BUY 100% OF ARTE VIDEO
    * FIRST PHASE OF TRANSACTION, RELATING TO 51% OF THE SHARE
CAPITAL, HAS BEEN COMPLETED TODAY
    * FIRST PHASE OF ACQUISITION, REPRESENTING 51% OF ARTE
VIDEO, TO
BE COMPLETED WITH PAYMENT OF EUR 153,000
    * SECOND PHASE, TO BE COMPLETED VIA CAPITAL INCREASE OF
30,000
SHARES OF ARTE VIDEO
    * SHARES TO BE ISSUED AT EUR 4,9 PRICE FOR A OVERALL AMOUNT
OF EUR
147,000, SUBJECT TO A 36 MONTHS LOCK-UP

Source text for Eikon:  ID:nBIA50F5GR 
Further company coverage:  IE.MI 

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