July 7, 2020 / 6:34 AM / a month ago

BRIEF-OL Groupe Sells Martin Terrier FOR EUR 12 Million

July 7 - OLYMPIQUE LYONNAIS GROUPE SA:

* SAID ON MONDAY IT HAS ACCEPTED THE OFFER FROM RENNES TO ACQUIRE MARTIN TERRIER FOR EUR 12 MILLION PLUS UP TO EUR 3 MILLION IN INCENTIVES

* DEAL INCLUDES EARNOUT OF 15% OF CAPITAL GAIN ON A FUTURE TRANSFER AND AN ADDITIONAL BONUS OF EUR 2 MLN OR EUR 3 MLN IF THE TRANSFER PRICE EXCEEDS CERTAIN THRESHOLDS

Source text for Eikon:

Further company coverage: (Gdansk Newsroom)

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