Brief: Neodecortech To Sell 100% Of CDG International For About EUR 2.5 Mln

Neodecortech SpA

18/10/2019 17:31

Oct 18 (Reuters) - Neodecortech SpA  NDT.MI :
    * SIGNS DEAL ON DISPOSAL TO FINANZIARIA VALENTINI OF 100% OF
SHARE
CAPITAL OF CDG INTERNATIONAL CORP HELD BY CARTIERE DI GUARCINO A
WHOLLY-OWNED SUBSIDIARY OF ISSUER, FOR ABOUT EUR 2.5 MILLION
    * EUR 2.5 MILLION TO BE PAID WITHIN 90 DAYS FROM SIGNING
DATE OF
AGREEMENT
    * BOARD CONFIRMS INTEREST OF COMPANY IN OBTAINING ADMISSION
TO
LISTING ON STAR SEGMENT OF MTA AND IN COMPLETING PROCESS BY
FIRST HALF OF MARCH 2020
    * AVERAGE ANNUAL CASH SAVING FROM DISPOSAL ESTIMATED AT
ABOUT USD
400,000 FOR NEXT TEN YEARS, STARTING FROM 2020

Source text for Eikon:  ID:nBIA6f9wNb 
Further company coverage:  NDT.MI 

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