Brief: Arctic Bioscience Announces Acquisition Of Arctic Algae

Arctic Bioscience AS

13/02/2023 14:33

Feb 13 (Reuters) - Arctic Bioscience AS  ABSA.OL :
    * ANNOUNCES ACQUISITION OF ARCTIC ALGAE AS
    * ACQUISITION IS BASED ON AN ENTERPRISE VALUE OF NOK 16,3
MILLION,
INCLUDING A NET CASH POSITION OF NOK 5,5 MILLION
    * TRANSACTION WILL BE FULLY PAID BY ISSUING SHARES IN ABS TO
RONJA
CAPITAL II AS AT AN ABS SHARE PRICE OF MINIMUM NOK 17,27 PER
SHARE
    * ARCTIC ALGAE AS IS A BIOTECHNOLOGY COMPANY SPECIALIZING IN
PRODUCTION OF MICRO ALGAE BY INNOVATIVE REACTOR TECHNOLOGIES

Source text for Eikon:  ID:nWkr7D3rJQ 
Further company coverage:  ABSA.OL 
 (Gdansk Newsroom)
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