Brief: SII Enters Exclusive Negotiations With Metanext To Acquire 100% Of Its Shares

Societe Pour l Informatique Industrielle SA

21/11/2022 17:31

Nov 21 (Reuters) - Societe Pour l Informatique
Industrielle SA  IISP.PA :
    * SII ENTERS IN EXCLUSIVE NEGOTIATIONS WITH METANEXT IN
ORDER TO
ACQUIRE 100% OF ITS SHARES
    * OPERATION WOULD BRING FORWARD COMMERCIAL, GEOGRAPHIC &
SKILL-RELATED SYNERGIES, BEING A SOURCE OF PROFITABLE GROWTH FOR
SII GROUP
    * METANEXT ACHIEVED A TURNOVER OF NEARLY EUR 18M IN 2021
    * TRANSACTION, WHICH COVERS ENTIRE OPERATIONAL SCOPE OF
METANEXT,
WOULD BE FINANCED IN CASH
    * COMPLETION OF THIS OPERATION, WHICH WILL TAKE PLACE IN A
FEW
MONTHS, IS SUBJECT TO CONSULTATION WITH EMPLOYEE REPRESENTATIVES
OF BOTH COMPANIES, AS WELL AS SIGNING OF A FINAL AGREEMENT

Source text for Eikon:  ID:nGNE6t0FLS 
Further company coverage:  IISP.PA 
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