TXT e-solutions acquires 100 percent of the capital of Imille Srl

(Alliance News) - TXT e-solutions Spa on Wednesday informed that it has signed a contract to acquire 100 percent of the capital of Imille Srl,

its foreign subsidiaries Imille Spain SL, Imille Start Spa (Chile), and Imille Brasil Agencia LTDA, and Uasabi Srl, together referred to as the "I MILLE Group."

TXT will consolidate the results within its Digital Advisory division as of June 26.

The base consideration paid at the closing for the purchase of 100% of Gruppo I MILLE, net of earn-outs, claw-back and NFP that will be settled in cash, was agreed between the parties at EUR8.5 million, of which EUR7.1 million (84%) was paid in cash and EUR1.4 million (16%) by way of payment for TXT e-solutions S.p.A. shares sold at the price corresponding to the average share price for the 30 business days prior to the closing date, which was EUR24.13 per share.

TXT e-solutions on Wednesday closed 2.2 percent in the red at EUR24.00 per share.

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By Maurizio Carta, Alliance News reporter

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Copyright 2024 Alliance News IS Italian Service Ltd. All rights reserved.