Brief: NBI Bearings Buys 100% Of Turnatorie Iberica And 51% Of ALPROM

NBI Bearings Europe SA

19/05/2020 18:01

May 19 (Reuters) - NBI Bearings Europe SA  NBIB.MC :
    * SAYS REACHED AN AGREEMENT TO BUY 100% OF TURNATORIE
IBERICA'S
SHARES AND 51.35% STAKE IN ALPROM
    * AGREED TRANSACTION PRICE AMOUNTS TO A FIXED 15 MILLION
EUROS AND
AN ADDITIONAL 1.5 MILLION EUROS SUBJECT TO ACHIEVING AN EBITDA
OF OVER 3.7 MILLION EUROS IN 2020

    
 Source text: https://bit.ly/2z3aYk3
    
 Further company coverage:  NBIB.MC  

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