Brief: SolidWorld Signs Term Sheet To Develop Unit Solidfactory

Solid World SpA

05/09/2022 06:48

Sept 5 (Reuters) - Solid World SpA  S3D.MI :
    * SIGNS TERM SHEET WITH POOL OF COMPANIES AND INVESTORS TO
DEVELOP
UNIT SOLIDFACTORY
    * DEAL INVOLVES ACQUISITION OF 50% OF ITALY'S ABM WORK FOR
EUR 0.6
MILLION BY 25 SEPT
    * DEAL INVOLVES REVERSE MERGER OF SOLIDFACTORY IN ABM BY 30
NOV
    * ITALY'S TEKNOSALLIANCE TO BUY 12% OF SOLIDFACTORY
    * OPERATION TO BE COMPLETED BY DEC 2022

Further company coverage:  S3D.MI 

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