Brief: Star7 Signs Term Sheet To Map Out Potential Acquisition Of Gruppo Caar

Star7 SpA

30/11/2022 15:03

Nov 30 (Reuters) - Star7 SpA  STAR7.MI :
    * ASSESSES POTENTIAL INVESTMENTS AS IT SEEKS TO DEVELOP
CAPABILITIES IN ENGINEERING SECTOR
    * SIGNS TERM SHEET TO MAP OUT SCENARIOS AND PROSPECTS FOR
POTENTIAL ACQUISITION OF GRUPPO CAAR
    * POTENTIAL ACQUISITION IS UNDERGOING INITIAL CONSIDERATION
    * HAS NOT YET ENTERED INTO ANY BINDING COMMITMENTS TO BUY
GRUPPO
CAAR
    * IF INITIAL DISCUSSIONS ARE SUCCESSFUL, POTENTIAL
ACQUISITION IS
LIKELY TO BE COMPLETED IN Q4 2023

Further company coverage:  STAR7.MI 
 (Reporting by Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48587720920;))