Dec 1 (Reuters) - SMT SA SMTP.WA :
* Said on Monday that its units signed sale agreements of
100 percent stakes in SMT Software Services SA and Nilaya SA
* SMT Software Services was sold for 104 million zlotys
($25.78 million) and Nilaya for 65 million zlotys
* Agreements were signed between Creston Investments Sp. z
o.o. as a buyer, the company's unit Holding Inwestycyjny Akesto
Sp. z o.o. as seller of SMT Software Services, Doneva Sp. z
o.o. a seller of Nilaya
* Under the agreements, Holding Inwestycyjny Akesto Sp. z
o.o., Software Development and the company obliged that within
six months from the acquisition they will stop using any graphic
or word-graphic mark, including trademarks, that incorporates
"SMT", "SMT Software" or "SMT Software Services"
* Additionally the company obliged to cover any monetary
liabilities of Akesto and Doneva resulting from the preliminary
and final agreements, in case they do not fulfil the
commitments; Each of those guarantees has been granted to the
amount of 151 million zlotys for the period of 84 months from
the date of the agreement
* The company informed on preliminary sale agreement in
Sept. ID:nFWN11M04D
Source text for Eikon: ID:nEM3012668
Further company coverage: SMTP.WA
($1 = 4.0349 zlotys)
(Gdynia Newsroom)
((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;))