Brief: Fatfish Blockchain Received & Accepted Offer For Merger Of Unit Fatfish Global Ventures AB

Abelco Investment AB

15/11/2019 01:33

Nov 15 (Reuters) - Fatfish Blockchain Ltd  FFG.AX :
    * RECEIVED & ACCEPTED OFFER WORTH ABOUT A$12.7 MILLION FOR
MERGER
OF ITS SWEDISH VENTURE BUILDER SUBSIDIARY FATFISH GLOBAL
VENTURES AB
    * OFFER CAME FROM SWEDISH-LISTED ABELCO INVESTMENT GROUP AB
    * UNDER OFFER, FFG WILL DISPOSE OF 81% STAKE IN FGV TO
ABELCO FOR
LISTED SHARES OF A$12.7 MILLION OR 50.1% OF ENLARGED CAPITAL OF
ABELCO
    * WILL RETAIN EXISTING BLOCKCHAIN PORTFOLIO & ITS A$1.1
MILLION IN
CASH RESERVES ON HAND

Source text for Eikon:  ID:nASX2ldSnB 
Further company coverage:  FFG.AX 

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