Brief: OTI Greentech acquires Uniservice Unisafe Srl

OTI Greentech AG

16/02/2016 08:17

Feb 16 (Reuters) - OTI Greentech AG  NSAG.D : 
    * Acquires Uniservice Unisafe Srl (USUS) 
    * Purchase price paid in OTI Greentech shares at a valuation of 1.50 euros per share 
    * Purchase price will be paid entirely through issue of new shares 
    * Acquisition is expected to complete in April 2016 
    * As part of transaction, OTI Greentech will also take 100 pct ownership of Uniservice 
Global JV shares 
    * Matteo Niego, member of founding family and current CEO of USUS, has committed to remain 
with company until at least 2019 as a director and CTO 
 
Source text for Eikon:  ID:nEQ2t4n8Pa  
Further company coverage:  NSAG.D  
 
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