Brief: Maps To Buy 70% Of Informatica e Telecomunicazioni I-Tel

Maps SpA

30/03/2022 06:58

March 30 (Reuters) - Maps SpA  MAPS.MI :
    * SAID ON TUESDAY IT HAD SIGNED BINDING AGREEMENT TO BUY
TOTAL 70%
OF SHARE CAPITAL OF INFORMATICA E TELECOMUNICAZIONI S.R.L.
(I-TEL)
    * TO ACQUIRE 49.90% FOR EUR 2.9 MLN, REMAINING 20.10% TO BE
TRANSFERED TO COMPANY AFTER MAPS RESERVED CAPITAL INCREASE AT
CONVENTIONAL VALUE OF EUR 1.2 MLN 
    * I-TEL TO RECEIVE 231,604 NEW MAPS SHARES FOR EUR
5.05/SHARE 

    
 Further company coverage:  MAPS.MI  

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