Rocket Sharing Company SpA MIL:RKT:
SAID ON THURSDAY IT HAS SIGNED AGREEMENT 51% STAKE IN STANTUP TO MEXEDIA FOR EUR 16.5 MLN
0.93% STAKE TO BE SOLD FOR EUR 0.3 MLN
REMAINING 50.07% STAKE TO BE CEDED THROUGH RESERVED CAPITAL HIKE OF NEWLY ISSUED MEXEDIA SHARES, FOR TOTAL VALUE OF EUR 16.2 MLN
ROCKET TO SELL MEXEDIA SHARES FOLLOWING CLOSING WITHIN 18 MONTHS
AGREEMENT ENTAILS MINIMUM CASH THRESHOLD TO SELL STAKE IN STANTUP OF EUR 12 MLN
CLOSING EXPECTED BY H1-END
EXPECTED CAPITAL GAIN AMOUNTS TO EUR 14.6 MLN, THAT GROUP INTENDS TO USE FOR M&A, ORGANIC GROWTH
CONVENES SHAREHOLDERS MEETING ON JUNE 9
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