Brief: Star7 S.P.A. Signs Lease Contract For CAAR Business Division

Star7 SpA

31/12/2022 14:09

Dec 31 (Reuters) - Star7 SpA  STAR7.MI :
    * 
    * ALSO SUBMITTED A BINDING PURCHASE OFFER WHICH IS
CONDITIONAL,
AMONG OTHER THINGS, ON APPROVAL OF COMPETENT COURT
    * STAR7 SPA - LEASE AGREEMENTS, TAKE EFFECT ON 1 JAN 2023,
INCLUDE
PROJECTS FOR CUSTOMERS AND  EMPLOYMENT CONTRACTS OF SOME 320
EMPLOYEES
    * STAR7 SPA - THE LEASE WILL LAST SIX MONTHS FROM ITS
EFFECTIVE
DATE
    * STAR7 SPA - THE CONTRACT WILL AUTOMATICALLY RENEW FOR A
FURTHER
SIX MONTHS IF THE SALE OF THE BUSINESS DIVISION TO STAR7 HAS NOT
OCCURRED
    * ANNUAL RENT FOR THE LEASE AMOUNTS TO EUR 120,000 PLUS VAT
    * STAR7 SPA - PURCHASE PRICE FOR BOTH BUSINESS DIVISIONS,
INCLUDING THE BRAZILIAN AND SERBIAN OPERATIONS, WAS SET AT A
MAXIMUM AMOUNT OF €2.8 MILLION

Source text for Eikon:  ID:nINFbslFS3 
Further company coverage:  STAR7.MI 
 ((Reuters.Briefs@thomsonreuters.com;))