Brief: TXT e-Solutions Buys 60% Of A Fintech Start-Up

TXT e Solutions SpA

16/04/2020 07:42

April 16 (Reuters) - TXT e-solutions SpA  TXTS.MI :
    * REPORTED ON WEDNESDAY COMPANY ACQUIRED 60% OF A FINTECH
START-UP, CONTEXTUALLY REBRANDED TO TXT WORKING CAPITAL
SOLUTIONS SRL
    * TXT E-SOLUTIONS ACQUIRED 60% OF TXT WORKING CAPITAL
SOLUTIONS
THROUGH A EUR 0.3 MILLION CAPITAL INCREASE, PLUS EUR 0.5 MILLION
BY SHARE PREMIUM, SUBSCRIBED IN CASH USING AVAILABLE LIQUIDITY 
    * TXT E-SOLUTIONS AND SHAREHOLDERS AGREED A PUT/CALL OPTION
ON
REMAINING STAKE OF 40% AT A CONSIDERATION BASED ON ECONOMIC AND
FINANCIAL PERFORMANCE OF TXT WORKING CAPITAL SOLUTIONS IN 2024

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIA6s42cJ
    
 Further company coverage:  TXTS.MI  
   


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