Brief: Prosegur Cash Sells Added-Value Outsourcing Services In Spain To Parent Company Prosegur

Prosegur Cash

17/03/2021 06:39

March 17 (Reuters) - Prosegur Cash SA  CASHP.MC :
    * SAID ON TUESDAY, IT HAS SUBSCRIBED WITH PARENT COMPANY
PROSEGUR
A SALE AND PURCHASE AGREEMENT FOR ACQUISITION OF CERTAIN AREAS
OF CO'S ADDED-VALUE OUTSOURCING SERVICES (AVOS)
    * SAYS TRANSACTION IS SUBJECT TO A CONDITION PRECEDENT FOR
THE
ACQUISITION BY PROSEGUR AND INCLUDES BUSINESS FOR FINANCIAL
INSTITUTIONS AND INSURERS, AS WELL AS ASSOCIATED TECHNOLOGY
    * SELLS 100% SHARE CAPITAL OF HOLDING COMPANY OF PROSEGUR
AVOS
ESPAÑA TO PROSEGUR FOR A PRICE OF 67 MILLION EUROS, LESS THE NET
FINANCIAL DEBT
    * SAYS BOTH COMPANIES HAVE AGREED TO ANALYSE AND EXPLORE
POSSIBILITY OF PROSEGUR ACQUIRING THE REST OF ACTIVITIES OF SAID
BUSINESS IN OTHER COUNTRIES
    * SAYS COMPANIES HAVE ALSO SIGNED A MODIFYING,
NON-EXTINGUISHING
NOVATION OF THE FRAMEWORK AGREEMENT

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nCNM6xvfsb
    
 Further company coverage:  CASHP.MC   PSG.MC 
   


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