Brief: Silverlake Axis Says To Acquire 80 Pct Stake In XInfotech Group
09/11/2018 13:15
Nov 9 (Reuters) - Silverlake Axis Ltd SLVX.SI :
* ACQUIRES XINFOTECH GROUP TO OFFER DIGITAL IDENTITY AND
SECURITY
TECHNOLOGIES
* TO ACQUIRE AN 80% STAKE IN XINFOTECH GROUP
* REMAINING 20% IS SUBJECT TO A PUT AND CALL OPTION WHEN
CERTAIN
CONDITIONS ARE MET IN FUTURE
* ACQUISITION OF 80% STAKE IN XINFO COMPRISES AN INITIAL
CONSIDERATION OF EUR17.6 MILLION
Source text for Eikon: ID:nSN30KTWN
Further company coverage: SLVX.SI
((Reuters.Briefs@thomsonreuters.com;))
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