Brief: TXT E-Solutions Says Signed Investment Agreement For Acquisition Of 84.1% Of Capital Of Webgenesys From Genesy Group

TXT e Solutions SpA

08/11/2024 21:20

Nov 8 (Reuters) - TXT e solutions SpA  TXTS.MI :
    * 
    * TXT E SOLUTIONS SPA - SIGNED AN INVESTMENT AGREEMENT FOR
ACQUISITION OF 84.1% OF CAPITAL OF WEBGENESYS FROM GENESY GROUP
    * TXT E SOLUTIONS SPA - AMOUNT PAID BY TXT AT CLOSING IS EUR
53.0
MILLION, OF WHICH EUR 37.3 MILLION (70.0%) IS IN CASH AND EUR
15.7 MILLION (30.0%) IN TXT SHARES
    * TXT E SOLUTIONS SPA - CONSIDERATION FOR ACQUISITION OF
100% OF
WEBGENESYS HAS BEEN AGREED UPON AT EUR 63.0 MILLION
    * TXT E SOLUTIONS SPA: ACQUISITION OF WEBGENESYS WAS
UNANIMOUSLY
APPROVED BY THE BOARD OF DIRECTORS OF TXT.
    * TXT E SOLUTIONS SPA: CURRENT DIRECTORS & MANAGERS OF
WEBGENESYS,
CHAIRMAN ANTONINO POSTERINO & CEO RAFFAELE PRIMO, WILL REMAIN
WITH COMPANY.

Source text:  ID:nBIA5WJ9JB 
Further company coverage:  TXTS.MI 

 ((Reuters.Briefs@thomsonreuters.com;))