Brief: ILBE To Buy 60% Of SoBe Sport

Lady Bacardi Media SpA

14/02/2022 07:33

Feb 14 (Reuters) - Iervolino & Lady Bacardi Entertainment
SpA  IE.MI :
    * SIGNS DEAL TO BUY 60% OF SOBE SPORT
    * DEAL PROVIDES FOR CASH CONSIDERATION OF EUR 658,000 FOR 
31.38%
OF SOBE SPORT
    * ACQUISITION OF 60% OF SOBE SPORT MUST BE COMPLETED BY END
OF
FIRST SIX MONTHS OF 2022
    * AGREEMENT ALSO INCLUDES CALL AND PUT OPTIONS FOR
ACQUISITION OF
REMAINING 40% SHARE, FOR €1,000,000
    * GIAN LUCA VOULAZ WILL REMAIN PRESIDENT AND CEO OF SOBE
SPORT
    * SOBE SPORT IS A SPORTS COMMUNICATION, MARKETING COMPANY
FOR
PROFESSIONAL ATHLETES AND COACHES

Source text for Eikon:  ID:nBIA8dQqY5 
Further company coverage:  IE.MI 

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