December 4, 2017 / 4:31 PM / 11 days ago

BRIEF-GPI Signs Agreement To Buy 60 Pct of Xidera‍​

Dec 4 (Reuters) - GPI SPA:

* FINALIZES FRAMEWORK AGREEMENT TO BUY 60 PERCENT OF XIDERA SRL‍​

* WILL ACQUIRE STAKE IN XIDERA FOR AROUND 1.0 MILLION EUROS

* TO PAY HALF OF PRICE OF ACQUISITION IN CASH AND HALF IN OWN SHARES AT EUR 15.00 PER SHARE

* CONTRACT ENVISAGES PURCHASE AND SALE OPTIONS ON REMAINING 40 PERCENT STAKE OF XIDERA Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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