Brief: Mondadori Signs Agreement For Sale Of Mondadori France To Reworld Media

Unify

19/04/2019 13:31

April 19 (Reuters) - Mondadori  MOED.MI :
    * SIGNS AGREEMENT FOR THE DISPOSAL TO REWORLD MEDIA OF ITS SUBSIDIARY MONDADORI FRANCE
    * CONSIDERATION FOR TRANSACTION AMOUNTS TO € 70 MILLION (CASH FREE/DEBT FREE), PLUS EARN-OUT
OF €
5 MILLION
    * PERIMETER DISPOSED INCLUDES 100% OF MONDADORI FRANCE AND ITS SUBSIDIARIES AND/OR
INVESTMENTS
    * AS RESULT OF DEAL, TO HOLD FROM 8% TO 10% STAKE IN REWORLD MEDIA
    * ESTIMATED IMPROVEMENT IN NET FINANCIAL POSITION AT CLOSING DATE WOULD BE ABOUT € 59
MILLION

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

 (Gdynia Newsroom)
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