Brief: Tinexta Buys 70% Of Evalue Innovation For EUR 20.6 Mln

Tinexta SpA

18/01/2022 16:29

Jan 18 (Reuters) - Tinexta SpA  TNXT.MI :
    * BUYS 70% OF EVALUE INNOVATION
    * DEAL FOR EUR 20.6 MILLION, INCLUDING PRO-RATA FINANCIAL
DEBT OF
EURO 0.4 MILLION AT 31.12.2021, WHICH WAS PAID WITH THE GROUP'S
EXISTING  CASH
    * REMAINING 30% OF EVALUE, THAT CAN BE EXERCISED IN 2024 ON
A 15%
STAKE AND IN 2026 ON A FURTHER 15% STAKE, ESTIMATED AT EUR 10.3
MILLION
    * DISCOUNTED VALUE OF PUT/CALL OPTIONS ESTIMATED AT EUR 10.3
MILLION

Further company coverage:  TNXT.MI 

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