(Alliance News) – Borgosesia Spa announced on Thursday that the Bank of Italy had granted authorization for its subsidiary Borgosesia Alternative Srl to purchase the entire share capital of Oneosix Spa, a financial intermediary based in Verona.
The sale agreement will be executed by the end of this year for a total consideration of EUR 5.5 million, to be paid in two tranches, the first of EUR 2.5 million to be paid at closing and the second of EUR 3 million to be paid, together with interest accrued on that amount at a rate equal to 3-month Euribor plus a spread of 0.5%, within the following 18 months.
By Claudia Cavaliere, Alliance News reporter
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