Brief: Tinexta Unit Infocert To Buy 65% Of Ascertia In UK

Tinexta SpA

18/01/2023 06:39

Jan 18 (Reuters) - Tinexta SpA  TNXT.MI :
    * UNIT INFOCERT TO BUY 65% OF ASCERTIA IN UK
    * CONSIDERATION FOR PURCHASE EUR 18.3 MILLION
    * DEAL INCLUDES TWO EARN-OUTS ESTIMATED IN € 6.3 MILLION,
BASED ON
2023 AND 2024  PERFORMANCE, AND A PUT/CALL OPTION ON REMAINING
35%
    * ACQUISITION OF ASCERTIA WILL BE FULLY FINANCED WITH
EXISTING
LIQUID ASSETS
    * CLOSING IS EXPECTED BY FIRST SEMESTER OF 2023

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