Brief: Pattern To Sell Company Branch To Burberry For EUR 21 Mln

Pattern SpA

28/03/2023 06:28

March 28 (Reuters) - Pattern SpA  PTRN.MI :
    * SAID ON MONDAY IT HAD SIGNED FRAMEWORK DEAL TO SELL BRANCH
OF
PLANT DEDICATED TO PRODUCTION OF BURBERRY-BRANDED CLOTHING 
    * TO SELL BRANCH TO BURBERRY VIA SALE OF SHARES IN
NEWLY-ESTABLISHED CORPORATE VEHICLE FOR EUR 21 MLN 
    * EXPECTS CLOSING OF TRANSACTION BY SEPTEMBER 

        
 
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