Brief: Asmallworld Buys First Class & More International

Asmallworld AG

25/09/2018 06:25

Sept 25 (Reuters) - ASMALLWORLD AG  ASWN.S :
    * ANNOUNCES ACQUISITION OF FIRST CLASS & MORE
    * TRANSACTION WILL SIGNIFICANTLY ACCELERATE ASMALLWORLD AG'S
REVENUE GROWTH AND COMBINES TWO COMPLEMENTARY BUSINESSES WITH
STRONG REVENUE SYNERGIES
    * EXERCISED  CALL-OPTION TO ACQUIRE 100% OF FIRST CLASS &
MORE
INTERNATIONAL
    * ACQUISITION WILL BECOME EFFECTIVE AS OF OCTOBER 5
    * WILL PURCHASE FIRST CLASS & MORE FOR AN IMMEDIATE PAYMENT
OF EUR
10.5M ON EXECUTION DATE PLUS 820,000 EXISTING SHARES
    * TOTAL ACQUISITION PRICE MAY INCREASE BY UP TO EUR 7
MILLION
UNTIL 2022

Source text for Eikon:  ID:nEQ9yCv3Fa 
Further company coverage:  ASWN.S 

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