Brief: Planetel SpA Signs Binding Agreement For Purchase Of Direte S.R.L.

Planetel SPA

18/11/2021 20:13

Nov 18 (Reuters) - Planetel SpA  PLTA.MI :
    * SIGNS BINDING AGREEMENT FOR PURCHASE OF DIRETE S.R.L.
    * BINDING AGREEMENT FOR ACQUISITION FROM DIRETE SC OF 100%
OF
SHARE CAPITAL OF A NEWCO TO BE CALLED DIRETE S.R.L.
    * SALE BY DIRETE SC OF A 100% STAKE IN DIRETE TO PLANETEL AT
A
TOTAL PROVISIONAL PRICE OF ABOUT EURO 3.5 MIL, 75% PAYABLE AT
CLOSING DATE
    * ACQUISITION WILL BE FUNDED PARTLY WITH CO’S OWN RESOURCES
AND
PARTLY THROUGH DEBT  INSTRUMENTS CURRENTLY BEING DEFINED AND
NEGOTIATED

Source text for Eikon:  ID:nBIAHNMqQ 
Further company coverage:  PLTA.MI 

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