Brief: ADDvise Acquires CliniChain Holding

ADDvise AB (publ)

06/12/2022 14:29

Dec 6 (Reuters) - ADDvise Group AB (publ)  ADDVa.ST :
    * ADDVISE ACQUIRES CLINICHAIN HOLDING B.V.
    * HAS TODAY ENTERED INTO A SHARE PURCHASE AGREEMENT WITH
OWNERS OF
CLINICHAIN HOLDING B.V. REGARDING ACQUISITION OF ALL OUTSTANDING
SHARES OF CLINICHAIN
    * CLOSING OF ACQUISITION TAKES PLACE NO LATER THAN DECEMBER
16,
2022
    * PURCHASE PRICE AMOUNTS TO A TOTAL OF EUR 33.8 MILLION
    * INITIAL PURCHASE PRICE AMOUNTS TO EUR 25.9 MILLION,
DIVIDED
BETWEEN CASH PAYMENT OF EUR 20.0 MILLION AND TWO-YEAR PROMISSORY
NOTE OF EUR 5.9 MILLION
    * ASSESSES THAT ACQUISITION WILL HAVE A POSITIVE IMPACT ON
ADDVISE'S EARNINGS PER SHARE DURING FINANCIAL YEAR 2023

Source text for Eikon:  ID:nWkr81T4vL 
Further company coverage:  ADDVa.ST 
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