Brief: Tinexta Unit Co.Mark Buys 60% Of Queryo Advance

Tinexta SpA

22/01/2021 07:51

Jan 22 (Reuters) - Tinexta SpA  TNXT.MI :
    * SAID ON THURSDAY UNIT CO.MARK HAD SIGNED AGREEMENT WITH
SHAREHOLDERS OF QUERYO ADVANCE TO BUY 60% STAKE IN COMPANY
    * STAKE EVALUATION ON BASIS OF CASH FREE/DEBT FREE OF
APPROX. EUR
8.75 MLN
    * INVESTMENT INCLUDES VARIABLE PRICE COMPONENT OF APPROX.
EUR 1.2
MLN, TO BE PAID AS EARN-OUT IN CONSIDERATION OF 2021 PERFORMANCE
    * EXECUTION OF CONTRACT IS EXPECTED BY END OF CURRENT MONTH

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIA1Jtpmh
    
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