June 6, 2017 / 5:58 AM / 2 months ago

BRIEF-Arrinera signs prelim. deal to sell two units for 9 mln euros

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June 6 (Reuters) - ARRINERA SA:

* SAID ON MONDAY IT HAS RECEIVED A PRELIMINARY AGREEMENT FROM THE BUYER REGARDING PURCHASE OF 100 PERCENT STAKE IN ARRINERA RACING LTD AND MINIMUM 98 PERCENT STAKE IN ARRINERA TECHNOLOGY SA FOR A TOTAL VALUE OF 9 MILLION EUROS

* THE AGREEMENT ASSUMES ADDITIONAL 10 PERCENT REMUNERATION FROM THE VALUE OF THE DEAL ABOVE THE ACQUISITION PRICE SHOULD THE BUYER SELL ARRINERA RACING AND/OR ARRINERA TECHNOLOGY IN THE FUTURE

* THE DEAL ON SALE OF THE STAKES IS TO BE SIGNED BY JULY 14

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Further company coverage: (Gdynia Newsroom)

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