Brief: Aqua Bio Technology Buys All Rights To Moana Skincare

Aqua Bio Technology ASA

10/09/2020 11:59

Sept 10 (Reuters) - Aqua Bio Technology ASA  AQUB.OL :
    * REG-AQUA BIO TECHNOLOGY (ABT) BUYS ALL RIGHTS TO MOANA SKINCARE AND INTEGRATES BACKWARDS
INTO
THE VALUE CHAIN.
    * AQUA BIO TECHNOLOGY ASA - ABT NOW ACQUIRES ALL RIGHTS TO MOANA SKINCARE AND INTEGRATES
BACKWARDS
IN VALUE CHAIN
    * AQUA BIO TECHNOLOGY ASA - ACQUISITION GIVES ABT CONTROL OVER ENTIRE VALUE CHAIN FROM
PRODUCTION
TO GLOBAL DISTRIBUTION
    * AQUA BIO TECHNOLOGY ASA - WILL MAINTAIN ITS LOCAL PRESENCE AND KNOWLEDGE BY ENTERING INTO
AN
AGREEMENT WITH MOANA SKINCARE NEW ZEALAND LIMITED FOR DISTRIBUTION OF PRODUCTS IN NEW ZEALAND
AND AUSTRALIA.
    * AQUA BIO TECHNOLOGY ASA - ABT EXPECTS TO REALIZE SYNERGIES THROUGH UTILIZATION OF ITS OWN
AND
NEW MARKET ACCESS
    * AQUA BIO TECHNOLOGY ASA - IN ADDITION, ABT WILL PAY A ROYALTY OF NET SALES FIRST 5 YEARS
    * AQUA BIO TECHNOLOGY ASA - POSITIVE FINANCIAL CONSEQUENCES OF ACQUISITION WILL BE
SIGNIFICANT IN
EVENT OF SUCCESSFUL REVENUE GROWTH.
    * AQUA BIO TECHNOLOGY ASA - WILL PAY UP TO NOK 26.7 MILLION FOR RIGHTS TO MOANA SKINCARE
WITH
THREE INITIAL PAYMENTS OF ABOUT NOK 5.8 MILLION AND A TURNOVER-BASED PAYMENT OF UP TO ABOUT NOK
20.6 MILLION BASED ON A TURNOVER FOR ABT OF UP TO ABOUT NOK 211 MILLION
    * AQUA BIO TECHNOLOGY ASA - ACQUISITION ALSO BRINGS OPPORTUNITIES IN MOANA SKINCARE'S
ALREADY
EXISTING MARKET IN PACIFIC REGION, SO THERE IS ALSO A GOOD BASIS FOR CREATING FURTHER SYNERGIES

Source text for Eikon:  ID:nGNELxZp2 
Further company coverage:  AQUB.OL 

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