(Alliance News) - GM Leather Spa on Tuesday announced that it has finalized - effective July 1 - through Chiorino Leather Srl the lease

of the Chiorino Technology Spa company.

The contract provides for a term of 30 months, effective July 1, 2024, and expiring Dec. 31, 2026, and a lease fee of EUR120,000.00 per year, plus VAT, to be paid in monthly installments of EUR10,000.00 each.

Chiorino Leather takes over from Chiorino Technology as the employer of 31 employees.

GM Leather closed Tuesday's session in the green by 0.9 percent at EUR1.19 per share.

By Maurizio Carta, Alliance News reporter

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