Brief: Italy's Mittel Buys 90% Of Sport Fashion Service

Mittel SpA

18/11/2019 07:12

Nov 18 (Reuters) - Mittel SpA  MTTI.MI :
    * ACQUIRES 90%  OF SPORT FASHION SERVICE SRL
    * TOTAL INVESTMENT FOR THE AQUISITION AMOUNTED TO A TOTAL OF
EUR
11.3 MILLION IN ADDITION TO 4.1 MILLION EUROS FOR TAKING OVER
EXISTING SHAREHOLDER'S LOAN AT CLOSING DATE
    * UnDER SIGNED AGREEMENTS, POTENTIAL EARN OUT IN FAVOR OF
SELLER
IS ESTIMATED TO DATE AT A MAXIMUM OF EUR 3.9 MILLION

Source text for Eikon:  urn:newsml:reuters.com:*:nBIA3KS0Jf
Further company coverage:  MTTI.MI 

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