Brief: OTI Greentech To Acquire Joint Venture Partner KMI Cleaning Solutions, Inc.
18/09/2020 15:37
Sept 18 (Reuters) - OTI GREENTECH AG NSAK.D :
* OTI GREENTECH AG REACHES PRINCIPLE AGREEMENT TO ACQUIRE
JOINT
VENTURE PARTNER KMI CLEANING SOLUTIONS, INC.
* PURCHASE PRICE TO BE PAID IN CASH AND SHARES
* IT IS FORESEEN THAT PART OF PURCHASE PRICE WILL BE PAID IN
SHARES ONLY AFTER CERTAIN PERFORMANCE CRITERIA HAVE BEEN MET IN
2023
* OTI'S GOAL IS TO COMPLETE ACQUISITION IN 2020 AFTER
COMPLETION
OF DUE DILIGENCE.
Source text for Eikon: ID:nEQcdlGYza
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