Brief: Mondadori: Antitrust Clearance With Remedy For Sale Of Mondadori France To Reworld Media

Unify

26/07/2019 13:31

July 26 (Reuters) - Mondadori  MOED.MI :
    * ANTITRUST CLEARANCE RECEIVED FOR SALE OF MONDADORI FRANCE TO REWORLD MEDIA
    * IN ACCORDANCE WITH REMEDY SET OUT IN CLEARANCE, REWORLD MEDIA UNDERTAKES TO SELL TITLE OF
ITS
CHOICE
    * TITLE COULD BE EITHER L'AUTO-JOURNAL OR AUTO MOTO
    * PARTIES HAVE AGREED TO SUPPLEMENT TO SALE OF MONDADORI FRANCE ADDING EARNOUT OF € 5
MILLION
    * ESTIMATED IMPROVEMENT IN NET FINANCIAL POSITION FROM DEAL WITH REWORLD MEDIA WILL BE ABOUT
€63
MILLION
    * TO HOLD INVESTMENT BETWEEN 14% AND 16% IN REWORLD MEDIA AFTER MONDADORI FRANCE DEAL

Source text: https://www.1info.it/PORTALE1INFO
Further company coverage:  MOED.MI 

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