Brief: LVenture Group, Digital Magics Sign Agreement To Merge By Incorporation

Zest SpA

13/03/2023 06:35

March 13 - LVenture Group SpA  LVEN.MI  , Digital Magics SpA
 DMG.MI :
    * COMPANIES SAID ON FRIDAY THEY HAD SIGNED NON-BINDING TERM
SHEET
TO MERGE DIGITAL MAGICS BY INCORPORATION IN LVENTURE GROUP 
    * DIGITAL MAGIC TO OWN BETWEEN 61.5%-38.5% OF NEW COMPANY
SHARE
CAPITAL, LVENTURE GROUP TO OWN 66.5%-33.5%
    * OPERATION TO BE COMPLETED BY END OF YEAR

 Further company coverage:  LVEN.MI ,  DMG.MI