Brief: Sonaecom Sells WeDo Technologies To Mobileum For Up To $97 Mln

Sonaecom SGPS SA

11/07/2019 06:37

July 11 (Reuters) - Sonaecom SGPS SA  SNC.LS :
    * SAID ON WEDNESDAY UNIT SONAE IM REACHED AGREEMENT WITH
MOBILEUM,
INC. TO SELL ENTIRE SHARE CAPITAL AND VOTING RIGHTS OF WEDO
CONSULTING – SISTEMAS DE INFORMAÇÃO
    * SAYS TRANSACTION PRICE COMPRISES FIXED AMOUNT OF $70
MILLION AND
UP TO $27 MILLION VARIABLE AND DEFERRED AMOUNT, DEPENDING ON
PERFORMANCE OF COMBINED BUSINESSES UNTIL DECEMBER 31, 2021

    
 Source text: https://bit.ly/2XIscsV
    
 Further company coverage:  SNC.LS  
   


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