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Intred M&A Activity 2020
4179_rns_2020-05-29_32671b88-62ae-4420-9889-70eb4075650d.pdf
M&A Activity
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Press Release
ADJUSTMENT THE PRICE PROCEDURE CONNECTED TO THE 100% ACQUISITION OF QCOM S.P.A.
Milan, 29 May 2020 – Intred S.p.A. ("Intred" o la "Company"), a telecommunications operator listed on the AIM Italia market of Borsa Italiana since July 2018 (symbol: ITD.MI), following what was already communicated on 8 and 16 January and 18 and 27 February 2020, announces that the price adjustment procedure (the "Procedure") related to the acquisition of 100% of the share capital of Qcom SpA was finalized today (the "Transaction").
The Procedure, launched following the approval of the financial statements of Qcom S.p.A. as at 31 December 2019, did not highlight a substantial deviation from the provisional price originally agreed for the Transaction. Therefore, as already communicated on February 27, 2020, the price of the Transaction is confirmed at around € 10.2 million. Following the completion of the Procedure, Intred will pay the remaining unpaid part of the consideration, equal to approximately € 2 million, to the sellers.
As for the other details of the Transaction, please refer to the press releases published on 8 and 16 January and 18 and 27 February 2020.
This press release is online on and on the Issuer's website www.intred.it (Investors section / Price Sensitive Press Releases).
Reference telecommunications operator in Lombardy founded in 1996 by Daniele Peli, the company's current Chairman and CEO, and listed on the Italian Stock Exchange AIM Italia market since 2018 (symbol: ITD.MI). With an optic fibre network of over 3,200 km, Intred provides ultra-broadband, broadband and wireless connectivity, landline telephone services, cloud services and related services for business and retail customers, the latter served with the EIR brand. Intred directly operates its own infrastructure to ensure efficiency, profitability, service quality and – thanks to a dedicated in-house call centre – excellent service levels for its users. Its high-value assets and consolidated, highly scalable business model, combined with a turnover of €20.8 million as at 31 December 2019, make Intred an ideal infrastructure technology partner with a full range of high-quality, reliable and secure solutions. www.intred.it
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Nomad Banca Profilo S.p.A. +39 02 584081 [email protected] Specialist Integrae SIM S.p.A. +39 02 87208720 [email protected] Investor Relation Intred CFO & Investor Relations Officer Filippo Leone Tel. +39 391 4143050 [email protected] CDR Communication Vincenza Colucci Tel. +39 335 6909547 [email protected]
Media Relation CDR Communication Angelo Brunello Tel. +39 329 2117752 [email protected]
Intred S.p.A. – Via Pietro Tamburini, 1 – 25136 Brescia www.intred.it – [email protected] P.Iva 02018740981 - Cod. Fis. e Reg. Imprese 11717020157 REA 366982 BS – Cap. Soc. € 10.000.000,00 i.v.
Intred Telecomunicazioni