Brief: Acroud Signs LOI To Buy PMG Group

Acroud AB

09/11/2020 14:18

Nov 9 (Reuters) - Acroud AB  ACROUD.ST :
    * ACROUD SIGNS LOI TO ACQUIRE THE PMG GROUP TO SOLIDIFY
THEIR
STRATEGIC POSITION AS "THE MEDIA HOUSE OF THE FUTURE"
    * HAS SIGNED ANOTHER LETTER OF INTENT REGARDING ACQUISITION
OF
IGAMING ASSETS OF PMG GROUP
    * PMG IS EXPECTED TO GENERATE SALES OF APPROXIMATELY EUR
10.0-11.0M IN 2020 WITH AN EBITDA MARGIN OF APPROXIMATELY 10%
    * AGREEMENT COMPRISES A TOTAL PURCHASE CONSIDERATION OF
APPROXIMATELY EUR 5.5M AND AN EARN-OUT CONSIDERATION, WHICH IS
CONTINGENT ON EBITDA ACHIEVED IN 2022

Source text for Eikon:  ID:nWkr8rTdXb 
Further company coverage:  ACROUD.ST 

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