BRIEF-Garnero Group Acquisition Company announces termination of investment agreement and provides information … – Reuters

Garnero Group Acquisition Co * As result of certain material breaches by Q1 Comercial De Roupas S.A. of agreement between parties, it has terminated deal * Garnero group acquisition company announces termination of investment agreement and provides information on liquidation * Terminated its previously announced proposed merger with grupo colombo * Ggac’s corporate existence will…

Garnero Group Acquisition Company Announces Termination of Investment Agreement and Provides Information on … – Business Wire (press release)

SAO PAULO–(BUSINESS WIRE)–Garnero Group Acquisition Company (GGAC) (NASDAQ:GGAC), a public investment vehicle formed for the purpose of effecting a merger, acquisition or similar business combination, announced today that, as a result of certain material breaches by Q1 Comercial de Roupas S.A. (Grupo Colombo) of the agreement between the parties, it has terminated its previously announced…