Nextil Signs MoU To Buy 51% Of Isavela

About this update from 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 COMPANYTRANSACTION PRICE WAS AGREED BETWEEN PARTIESPAYMENT SCHEME COMBINES INITIAL CASH AMOUNT PAYABLE AT CLOSE OF TRANSACTION AND DEFERRED PAYMENT Source text

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