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BRIEF-Mondadori unit Rizzoli Libri sells Bompiani business unit to Giunti Editore
September 29, 2016 / 12:11 PM / a year ago

BRIEF-Mondadori unit Rizzoli Libri sells Bompiani business unit to Giunti Editore

Sept 29 (Reuters) - Arnoldo Mondadori Editore SpA :

* Its unit Rizzoli Libri has signed an agreement to transfer the Bompiani business unit to Italian publisher Giunti Editore

* Total price of the transaction amounts to 16.5 million euros ($18.52 million), of which 5.3 million euros are related to assets transferred to the buyer

* Board approves the plan on the merger by incorporation of the unit Banzai Media into Arnoldo Mondadori Editore

* The incorporation of Banzai Media is scheduled by Jan. 15, 2017; for accounting and tax purposes, it will be effective as of Jan. 1, 2017 Source text for Eikon: www.1info.it Further company coverage: ($1 = 0.8911 euros) (Gdynia Newsroom)

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