Brief: Servizi Italia Signs Agreement To Set Up Singapore-Based JV With idsMED
19/06/2018 06:59
June 19 (Reuters) - Servizi Italia SpA SERIT.MI :
* SIGNS AGREEMENT TO SET UP JOINT VENTURE IN ASIA-PACIFIC AREA
* AGREEMENT HAS BEEN SIGNED WITH IDS MEDICAL SYSTEMS GROUP
* VEHICLE COMPANY TO BE BASED IN SINGAPORE AND BE CALLED IDSMED SERVIZI PTE LTD
* INITIAL SHARE CAPITAL OF NEWCO TO BE SGD 1.0 MILLION ( EUR 638,000 AS OF TODAY EXCHANGE
RATE)
* TO FINANCE ITS CAPITAL CONTRIBUTION BY BANK DEBT
* NEWCO WILL BE HOLDING COMPANY 70% OWNED BY IDSMED AND 30% OWNED BY SERVIZI ITALIA
Source text for Eikon: ID:nBIA41Wmps
Further company coverage: SERIT.MI
(Gdynia Newsroom)
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