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BRIEF-Spaxs Accelerates Business Combination With Banca Interprovinciale
April 13, 2018 / 5:11 AM / 9 days ago

BRIEF-Spaxs Accelerates Business Combination With Banca Interprovinciale

April 13 (Reuters) - Spaxs SpA:

* SAYS SIGNED AGREEMENT FOR BUSINESS COMBINATION WITH BANCA INTERPROVINCIALE

* SAYS THE AGREEMENT IS FOR ACQUISITION OF 91.4% STAKE IN BANCA INTERPROVINCIALE FOR ABOUT 51.2 MILLION EURO

* WILL ACQUIRE 72.0% OF BANCA INTERPROVINCIALE IN CASH AND 19.4% BY ASSIGNING UP TO 987,128 SPAXS’S SHARES VALUED AT 11 EURO PER SHARE Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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