Brief: Vocento Says Tango Comunicacion Estrategica Buys 85% Of Share Capital Of &Rosas

Vocento SA

27/02/2023 17:11

Feb 27 (Reuters) - Vocento SA  VOC.MC :
    * TANGO COMUNICACION ESTRATEGICA, WHICH IS 90% OWNED BY
VOCENTO,
HAS FORMALISED PURCHASE OF 85% OF SHARE CAPITAL OF ROSAS,
ESTUDIO DE COMUNICACIÓN ("&ROSAS")
    * TRANSACTION PRICE AMOUNTS TO 5.5 MILLION EUROS, PLUS
VARIABLE
COMPONENT FOR MAXIMUM AMOUNT OF 255,000 EUROS LINKED TO
ACHIEVEMENT OF MILESTONES IN BUSINESS PLAN FOR SUCCESSIVE YEARS
    * THERE ARE UNCONDITIONAL PUT AND CALL OPTIONS ON THE
MINORITY
SHAREHOLDING
    * &ROSAS HAD REVENUES OF 6.5 MILLION EUROS AND EBITDA OF 0.8
MILLION EUROS IN 2022

Source text for Eikon:  ID:nCNM67DtYl 
Further company coverage:  VOC.MC 

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