Brief: Aqua Bio Technology To Acquire Cosmed Beauty And Ultrabody

Aqua Bio Technology ASA

28/06/2022 14:36

June 28 (Reuters) - Aqua Bio Technology ASA  ABTA.OL :
    * ABT AGREES TO ACQUIRE COSMED BEAUTY AS AND
    * PURCHASE PRICE WILL BE BASED ON A EARN-OUT BASED ON A
MULTIPLE
OF COSMED'S RESULT BEFORE TAX FOR EACH OF FINANCIAL YEAR 2022,
2023, 2024 AND 2025
    * PARTIES SHALL FINALIZE A SHARE PURCHASE AGREEMENT WITHIN
31 JULY
2022
    * ENTERED INTO BINDING TERM SHEET WITH VARMING HOLDING AS
REGARDING COMPANY'S ACQUISITION OF ALL SHARES IN NORWEGIAN
COMPANY COSMED BEAUTY AS AND SWEDISH COMPANY ULTRABODY AB BOTH
OF WHICH ARE WHOLLY OWNED SUBSIDIARIES OF VARMING
    * FOR FINANCIAL YEAR OF 2022, COSMED IS EXPECTING A
SIGNIFICANT
GROWTH FROM ITS 2021 TURNOVER OF APPROX. 10 MNOK

Source text for Eikon:  ID:nObi14c1Ta 
Further company coverage:  ABTA.OL 

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