Brief: Novabase Buys Vodafone Portugal's 45% Stake In Celfocus

Novabase SGPS SA

27/04/2020 08:11

April 27 (Reuters) - Novabase SGPS SA  NBA.LS :
    * SAID ON FRIDAY ITS UNIT NOVABASE ENTERPRISE APPLICATIONS
BUYS
VODAFONE PORTUGAL'S 45.001% STAKE IN CELFOCUS FOR 20 MILLION
EUROS
    * THERE MAY BE AN ADDITIONAL PRICE ADJUSTMENT OF 7.5 MILLION
EUROS, TO BE PAID FOR IN SERVICES, WHICH COULD RAISE THE FINAL
PURCHASE PRICE TO A MAXIMUM OF 27.5 MILLION EUROS
    * NOVABASE ENTERPRISE APPLICATIONS ALREADY OWNED 54.997% OF
CELFOCUS
    * TRANSACTION DOES NOT REQUIRE ANY SIGNIFICANT GUIDANCE
REFRAMING
REGARDING NOVABASE'S STRATEGIC UPDATE 2019+


    
    
 Source text: https://bit.ly/2SbLbMD
    
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