Brief: Vasta To Acquire Editora Eleva

Vasta Platform

23/02/2021 01:38

Feb 22 (Reuters) - Vasta Platform Ltd  VSTA.O :
    * VASTA TO ACQUIRE EDITORA ELEVA
    * VASTA PLATFORM LTD - CO WILL PAY A PURCHASE PRICE
AMOUNTING TO
R$580 MILLION, SUBJECT TO CERTAIN PRICE ADJUSTMENTS, IN
INSTALLMENTS OVER A 5-YEAR PERIOD
    * VASTA PLATFORM- SOMOS SISTEMAS, ELEVA TO ENTER COMMERCIAL
AGREEMENT SETTING FORTH MAIN TERMS TO GUIDE PARTNERSHIP WITH
ELEVA
    * VASTA - COMMERCIAL AGREEMENT PROVIDES FOR COMMERCIAL
DISCOUNT
AMOUNTING TO R$15 MILLION PER YEAR, VALID FOR FIRST 4 YEARS
AFTER EXECUTION OF AGREEMENT

Source text for Eikon:  ID:nGNXcc9xpn 
Further company coverage:  VSTA.O 

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