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BRIEF- Stefanel signs agreement with Leggenda for sale of business branch in Florence
October 17, 2017 / 6:37 AM / a month ago

BRIEF- Stefanel signs agreement with Leggenda for sale of business branch in Florence

Oct 17 (Reuters) - STEFANEL:

* SAID ON MONDAY ENTERED IN AGREEMENT WITH AN AFFILIATED COMPANY LEGGENDA S.R.L. IN LIQUIDAZIONE (LEGGENDA) FOR SALE OF A BUSINESS BRANCH IN FLORENCE FOR NOT LESS THAN EUR 2.5 MLN

* THE SALE SHOULD BE EXECUTED BY JUNE 22, 2018

* SELLING PRICE WILL BE USED TO SATISFY BY PART OF THE CREDIT PROVIDED BY STEFANEL TO LEGGENDA

* THE CREDIT FOR EUR 2.3 MLN EXPIRES ON DEC. 31, AND ON DEC.31, 2019 FOR THE REMAINING PART OF EUR 1 MLN

Source text for Eikon:

Further company coverage: (Gdynia Newsroom)

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