Nueva Expresion Textil, S.A.BME: NXT

Nextil To Hold 70% Majority Stake in Portuguese Sindutex

· Issued by Nueva Expresion Textil, S.A.

On 6ix: 6ix.com/news/nextil-to-hold-70percent-majority-stake-in-portuguese-sindutex

Nueva Expresion Textil SA BME:NXT:

  • SIGNS MOU WITH PORTUGUESE SINDUTEX AND MAIN SHAREHOLDER

  • TRANSACTION VIA CAPITAL INCREASE IN SINDUTEX OF EUR 1.8 MILLION TO BE FULLY SUBSCRIBED BY NEXTIL

  • TO HOLD 70% MAJORITY STAKE IN SINDUTEX AFTER CAPITAL INCREASE

  • TRANSACTION WILL ENABLE NEXTIL TO DIVERSIFY CUSTOMER BASE AND PRODUCT MIX, GENERATING SIGNIFICANT SYNERGIES WITH EXISTING OPERATIONS IN PORTUGAL

Nueva Expresion Textil, S.A. on 6ix

Earlier from Nueva Expresion Textil

Later from Nueva Expresion Textil

All Nueva Expresion Textil news releases