Brief: Technogym Signs Binding Deal For Sale Of EXERP ApS To Battery Ventures For EUR 53.1 Mln

Technogym

14/05/2021 07:37

May 14 (Reuters) - Technogym SpA  TGYM.MI :
    * SIGNED A BINDING AGREEMENT FOR THE SALE OF EXERP APS
 TGYM.MI 
    * DEAL FOR SALE TO BATTERY VENTURES OF 100% OF AMLETO APS, 
A
HOLDING COMPANY THAT EXCLUSIVELY OWNS ENTIRE SHARE CAPITAL OF
EXERP APS
    * DEAL PROVIDES FOR CONSIDERATION OF EUR 53.1 MILLION AND
WILL
ALLOW TECHNOGYM TO RECORD OVERALL CAPITAL GAIN OF EURO 17.1
MILLION
    * CLOSING IS EXPECTED BY END OF MAY 2021

Source text for Eikon:  ID:nBIA7DQcBg 
Further company coverage:  TGYM.MI 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))