Brief: Novabase States Information On Adjustments To Consideration In Relation To Sale Of Government, Transport And Energy Business To Vinci Energies

Novabase SGPS SA

11/05/2020 21:14

May 11 (Reuters) - Novabase SGPS SA  NBA.LS :
    * NOVABASE SA - INFORMATION ON ADJUSTMENTS TO CONSIDERATION
IN
RELATION TO SALE OF GOVERNMENT, TRANSPORT AND ENERGY BUSINESS TO
VINCI ENERGIES
    * NOVABASE - NOVABASE CONSULTING, VINCI ENERGIES CONFIRMED
NET
ADJUSTMENT TO PRICE INITIALLY PAID BY PURCHASER
    * NOVABASE-NOVABASE CONSULTING, VINCI ENERGIES CONFIRM
VERIFICATION OF EARN-OUT WHICH WAS DEPENDENT UPON FINAL
PERFORMANCE OF GTE BUSINESS IN FY 2019
    * NOVABASE-NOVABASE MAY NOW ALSO SPECIFY THE ESTIMATED
CAPITAL
GAIN/LOSS PREVIOUSLY DISCLOSED IN THIS RESPECT, WHICH IS NOW
14.9M€
    * NOVABASE -FIGURE OF ESTIMATED CAPITAL GAIN/LOSS IS STILL
AN
ESTIMATE AND DOES NOT CONVEY A DEFINITIVE FIGURE
    * NOVABASE -UNDER TERMS OF DEAL SOME ADDITIONAL ADJUSTMENTS
TO
PURCHASE PRICE MAY STILL OCCUR UNTIL NINTH MONTH AFTER DATE OF
COMPLETION OF SALE

Source text for Eikon:  ID:nNDL7S7d 
Further company coverage:  NBA.LS 

 ((Reuters.Briefs@thomsonreuters.com;))