Brief: Openjobmetis To Buy 100% Of Gruppo Quanta

Openjobmetis SpA Agenzia per il Lavoro

25/01/2021 08:43

Jan 25 (Reuters) - Openjobmetis SpA Agenzia per il Lavoro
 OJM.MI :
    * TO BUY 100% OF GRUPPO QUANTA
    * AGREED CONSIDERATION IS COMPRISED OF PORTION IN CASH OF
EUR 20
MILLION PLUS ASSIGNMENT IN FAVOUR OF QUANTA OF 685,600 TREASURY
SHARES, ALREADY HELD BY OPENJOBMETIS
    * TRANSACTION IS EXPECTED TO BE CLOSED BY MAY 2021
    * TRANSACTION IS FINANCED BY BANK CREDIT LINES ALREADY
AVAILABLE
    * A 5-YEAR NON-COMPETE AGREEMENT IS EXPECTED TO BE SIGNED
WITH
QUANTA GROUP, WORTH TOTAL OF EUR 1.5 MILLION

Source text for Eikon:  ID:nBIArPNQG 
Further company coverage:  OJM.MI 

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