June 5, 2017 / 7:06 AM / 2 months ago

BRIEF-Basic Net is new owner of Briko brand

June 5 (Reuters) - BASIC NET SPA:

* SAYS IT HAS EXERCISED OPTION RIGHT TO PURCHASE THE BRAND BRIKO; THE CLOSING OF THE OPERATION IS SCHEDULED FOR JULY 31

* PURCHASE OF THE BRAND TAKES PLACE AT INITIAL PRICE OF EUR 1 MILLION, WITH FURTHER CONSIDERATION BASED ON SALES OF BRIKO PRODUCTS AT JUNE 30 2019, WITH A CAP SET AT EUR 3 MILLION Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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