Brief: Active Biotech Has Entered Into An Agreement Regarding Sale Of Company's property

Active Biotech AB publ

13/03/2019 17:06

March 13 (Reuters) - Active Biotech AB  ACTI.ST :
    * REG-ACTIVE BIOTECH HAS ENTERED INTO AN AGREEMENT REGARDING
SALE
OF THE COMPANY'S PROPERTY - EXTRAORDINARY GENERAL MEETING ON
APRIL 4, 2019
    * PURCHASE PRICE AMOUNTS TO SEK 275 MILLION
    * PROCEEDS FROM THE SALE OF THE PROPERTY ARE EXPECTED TO
FINANCE
THE COMPANY'S OPERATIONS UNDER THE CURRENT BUSINESS PLAN
    * PROPERTY SALE ENTAILS A CAPITAL INJECTION OF APPROXIMATELY
SEK
70 MILLION
    * ACTIVE BIOTECH-AGREEMENT REGARDING SALE OF CO'S PROPERTY
FORSKAREN IN LUND, SWEDEN, WITH NEWLY FORMED INVESTOR COLLECTIVE
LED BY REAL ESTATE CO ESTEA
    * BOARD OF DIRECTORS PROPOSES THAT GENERAL MEETING APPROVES
SALE

Source text for Eikon:  ID:nGNE4V6fLj 
Further company coverage:  ACTI.ST 

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