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BRIEF-Auto Italia Holdings Ltd updates on entering into term sheet
March 10, 2017 / 11:39 AM / 6 months ago

BRIEF-Auto Italia Holdings Ltd updates on entering into term sheet

March 10 (Reuters) - Auto Italia Holdings Ltd

* Subsequent to receipt of termination advice, group and Ferrari have been in discussion

* Discussion regarding arrangements for purpose of ensuring a smooth and orderly transition of distribution business

* Following negotiations and discussions, on 10 march 2017, group and ferrari entered into a term sheet

* Term sheet concerning (among other matters) handling of existing Ferrari vehicle orders received by group Source text for Eikon: Further company coverage:

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