Brief: Nexar Group Signs LoI with Mavshack For Sale Of Four Units

Nexar AB

28/08/2020 08:09

Aug 28 (Reuters) - Nexar Group AB  NXAR.NGM :
    * ENTERS INTO LETTER OF INTENT FOR SALE OF UNIT
    * PURCHASE PRICE IS SEK 8.0 MILLION
    * LOI SIGNED WITH MAVSHACK AB REGARD NEXAR PRODUCTIONS SL,
NEXAR
MUSIC LTD, NEXAR ENTERTAINMENT LTD AND NEXAR FOOTBALL AB
    * PURCHASE PRICE IS SEK 8 MILLION
    * PARTIES AIM TO CONCLUDE TRANSACTION NO LATER THAN IN
OCTOBER
2020
    * PURCHASE PRICE WILL BE SET OFF AGAINST SHARES IN  MAVSHACK

Source text for Eikon:  ID:nBQN8pdws7 
Further company coverage:  NXAR.NGM 

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