Acquisition and financing | Textiles
Spinnova signed a mainly non-binding letter of intent to acquire Portuguese yarn producer Tearfil and contemplated separate financing during its PER restructuring.
The transaction
The initial purchase valuation is €500,000, payable in cash and Spinnova shares. The proposed €1.5m loan is separate working-capital financing.
Completion is targeted for Q1 2027 and depends on due diligence, board approval, a court-approved recovery plan and definitive documents.
Evidence behind the record
17 Sept 2026
Facts are attributed to the public sources above. The Portus view is our interpretation.
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