Brief: Mittel To Sell Majority Stake In Zaffiro To Sarafin, Eurizon Capital

Mittel SpA

03/04/2023 07:47

April 3 (Reuters) - Mittel SpA  MTTI.MI :
    * SAID ON FRIDAY GROUP RECEIVED COMMUNICATION FROM SARAFIN
OF
FULFILLMENT OF CONDITION PRECEDENT FOR SALE OF MAJORITY STAKE IN
ZAFFIRO
    * SARAFIN REACHED AGREEMENT WITH EURIZON CAPITAL, SARAFIN TO
OWN
45% OF ZAFFIRO, EURIZON TO OWN 15%
    * CLOSING EXPECTED WITHIN 13 WORKING DAYS
    * MITTEL TO RECEIVE EUR 42 MLN FROM SALE OF STAKE, EUR 25
MLN FROM
SALE OF CREDITS TO ZAFFIRO

 Further company coverage:  MTTI.MI  

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