Brief: Ten Square Games Buys Italian Rortos For EUR 45 Mln

Ten Square Games

01/07/2021 07:28

July 1 (Reuters) - Ten Square Games SA  TENP.WA :
    * SAYS SIGN DEAL WITH ANTONIO FARINA AND ROBERTO SIMONETTI
(SELLERS) ON ACQUISITION OF 100% STAKE IN RORTOS 
    * PRICE FOR STAKE IN RORTOS SET AT EUR 45 MILLION (ON CASH
FREE
AND DEBT FREE BASIS)
    * THE SELLERS WILL BE ENTITLED TO EARN-OUT PAYMENT DEPENDING
ON
RORTOS RESULTS IN PERIOD STARTING JULY 1 2021 ENDING DECEMBER 31
2025, IN MAXIMUM AMOUNT NO HIGHER THAN ACHIEVED EBITDA RESULT IN
CORRESPONDING PERIOD
    * RORTOS IS AN ITALIAN COMPANY FOCUSED ON FLIGHT SIMULATORS
DEVELOPMENT FOR MOBILE https://bit.ly/3qEuQQF

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM8McGxfa
    
 Further company coverage:  TENP.WA  
   


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