Brief: Acotel Signs Framework Agreement With Claudio Carnevale On AEM

Softlab SpA

21/02/2020 07:24

Feb 21 (Reuters) - Acotel Group SpA  ACO.MI :
    * SAID ON THURSDAY IT HAD APPROVED TO SIGN FRAMEWORK
AGREEMENT
WITH CLAUDIO CARNEVALE AND AEM ACOTEL ENGINEERING AND
MANUFACTURING
    * BEFORE SIGNING FRAMEWORK AGREEMENT, AEM WAS UNIT OF ACOTEL
    * AGREEMENT LAYS OUT GUIDELINES OF RECAPITALISATION OF AEM
TO
ENSURE ITS BUSINESS AS GOING CONCERN AND TO OBTAIN FINANCES FOR
ITS 2020 TARGETS

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIA3Vs67V
    
 Further company coverage:  ACO.MI  
   


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