Nueva Expresion Textil SA BME:NXT:
SIGNS MOU WITH PORTUGUESE SINDUTEX AND MAIN SHAREHOLDER
TRANSACTION VIA CAPITAL INCREASE IN SINDUTEX OF EUR 1.8 MILLION TO BE FULLY SUBSCRIBED BY NEXTIL
TO HOLD 70% MAJORITY STAKE IN SINDUTEX AFTER CAPITAL INCREASE
TRANSACTION WILL ENABLE NEXTIL TO DIVERSIFY CUSTOMER BASE AND PRODUCT MIX, GENERATING SIGNIFICANT SYNERGIES WITH EXISTING OPERATIONS IN PORTUGAL