Brief: Abeo Signs Deal To Acquire 70% Stake In BigAirBag

Abeo SA

15/06/2022 17:05

June 15 (Reuters) - ABEO SA  ABEO.PA :
    * ANNOUNCES THE SIGNING OF AN ACQUISITION PROTOCOL, WITHOUT
CONDITIONS PRECEDENT, WITH A VIEW TO ACQUIRING 70% OF THE
CAPITAL OF THE DUTCH COMPANY BIGAIRBAG
    * IN 2021, BIGAIRBAG ACHIEVED A PROFITABLE TURNOVER OF
AROUND €3
MILLION
    * ACQUISITION WILL BE FINANCED WITH EQUITY BY PAYMENT IN
CASH FOR
64% AND BY PAYMENT IN ABEO SHARES FOR 36%
    * FINAL COMPLETION OF THE TRANSACTION (“CLOSING”) IS NOT
SUBJECT
TO CONDITIONS PRECEDENT AND SHOULD BE COMPLETED IN THE COMING
WEEKS

Source text for Eikon:  ID:nACT75015 
Further company coverage:  ABEO.PA 

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