Brief: OEX Sells Stake In Divante

Oex SA

18/01/2022 06:28

Jan 18 (Reuters) - OEX SA  OEXP.WA :
    * SAID ON MONDAY THAT TOGETHER WITH OTHER SHAREHOLDERS OF
DIVANTE
IT HAS SIGNED FINAL DEAL ON SALE OF 100% STAKE IN DIVANTE WITH
SAPPHO ZWEIUNDZWANZIGSTE HOLDING 
    * PRELIM DEAL VALUE FOR 100% STAKE IN DIVANTE WAS 175.1 MLN
ZLOTYS
    * THE COMPANY RECEIVED AMOUNT OF 89.3 MLN ZLOTYS FOR SALE OF
ITS
51.03% STAKE IN DIVANTE
    * THERE IS A POSSIBILITY OF PRICE ADJUSTMENT RELATED TO
DIVANTE'S
NET DEBT AND REVOLVING CAPITAL AT DEC. 31, 2021
    * COMPANY AND OTHER DIVANTE SHAREHOLDERS WILL BE ENTITLED TO
EARN-OUT PROPORTIONAL TO THEIR STAKE IN DIVANTE, IF DIVANTE'S
2021 NORMALISED EBITDA EXCEEDS SET LEVEL
    * MAXIMUM EARN-OUT AT 85.3 MILLION ZLOTYS

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM3YK6jPa
 Further company coverage:  OEXP.WA  

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