Brief: Mare To Buy 100% Of Powerflex For EUR 1.2 Mln

Mare Engineering SpA

23/07/2024 06:47

July 23 (Reuters) - Mare Engineering Group SpA
 MARE.MI :
    * SIGNS AGREEMENT TO BUY 100% OF POWERFLEX
    * TOTAL VALUE OF DEAL EUR 1.2 MILLION
    * 90% OF PRICE CAN BE PAID IN MARE SHARES VALUED AT EUR 4.0
WITH A
36 MONTHS LOCK-UP
    * DEAL TO BE CLOSED BY DECEMBER-END

Further company coverage:  MARE.MI 

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