Nueva Expresion Textil, S.a.BME: NXT

Nextil Signs MoU To Buy 51% Of Isavela

· Issued by Nueva Expresion Textil, S.A.

Nueva Expresion Textil SA BME:NXT:

  • SIGNS MEMORANDUM OF UNDERSTANDING (MOU) WITH SHAREHOLDERS OF ISAVELA ENTERPRISES FOR ACQUISITION OF 51% MAJORITY STAKE IN THE COMPANY

  • TRANSACTION PRICE WAS AGREED BETWEEN PARTIES

  • PAYMENT SCHEME COMBINES INITIAL CASH AMOUNT PAYABLE AT CLOSE OF TRANSACTION AND DEFERRED PAYMENT

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