The Office Times

Adveo Italy finds buyer

Adveo has announced that it has accepted a binding offer for Adveo Italy.

Details concerning the buyer have not been revealed, but the offer includes maintaining the existing staff and fulfilling existing contracts.

The purchase price is a nominal €1, but the buyer will assume the company's net financial debt for an amount close to €7 million.

A bridge loan is being put in place to finance the operations of the company until the operation is completed.

The acquisition is subject to the applicable legal procedure, which is estimated to be completed in the short term.

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