Brief: Nextil Signs MoU To Buy 51% Of Isavela

Nueva Expresion Textil SA

17/12/2025 17:14

Dec 17 - Nueva Expresion Textil SA NXTE.MC:

SIGNS MEMORANDUM OF UNDERSTANDING (MOU) WITH SHAREHOLDERS OF ISAVELA ENTERPRISES FOR ACQUISITION OF 51% MAJORITY STAKE IN THE COMPANY

TRANSACTION PRICE WAS AGREED BETWEEN PARTIES

PAYMENT SCHEME COMBINES INITIAL CASH AMOUNT PAYABLE AT CLOSE OF TRANSACTION AND DEFERRED PAYMENT

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