Brera Holdings signed an exclusive Letter of Intent to acquire majority ownership of the Italian Serie A1 women’s professional volleyball team UYBA Volley S.s.d.a.r.l., known as E-Work Busto Arsizio based in Busto Arsizio, north of Milan. Under the LOI, Brera or its subsidiary, Brera Milano S.r.l., intends to acquire 51% of the share capital of UYBA Volley. Brera Holdings expects the acquisition of its majority stake in UYBA to close by June 28, 2023. The acquisition will be subject to the Company’s entry into a definitive purchase agreement and satisfaction of all related terms and conditions.
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Published first on TheFly
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