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Sparks commentary - Tinexta

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Sparks - Tinexta

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Tinexta_resized
Tinexta (MIL: TNXT) – Consortium to carry out limited due diligence for possible delisting
Published by Russell Pointon

Tinexta has announced that its majority shareholder, Tecno Holding, is in talks with a consortium composed of Advent and Nextalia funds, which have been granted an exclusive period to carry out limited due diligence in order to define the terms and conditions of a possible strategic partnership aimed at valorising Tinexta and exploring a possible delisting of the issuer. At present, no binding agreement has been reached regarding the terms and conditions, including the economic ones, of the potential transaction.

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