Brief: Agriforce Growing Systems Announces Binding LOI To Acquire Deroose Plants NV

AVAX One Technology

10/03/2022 13:56

March 10 (Reuters) - AgriFORCE Growing Systems Ltd  AGRI.O :
    * AGRIFORCE GROWING SYSTEMS ANNOUNCES BINDING LOI TO
ACQUIRE DEROOSE PLANTS NV, ONE OF THE LARGEST TISSUE CULTURE
PROPAGATION COMPANIES IN THE WORLD
    * AGRIFORCE GROWING SYSTEMS LTD - NET PURCHASE PRICE BY
AGRIFORCE
IS EXPECTED TO BE APPROXIMATELY US$69 MILLION
    * AGRIFORCE - PURCHASE PRICE REPRESENTS APPROXIMATELY $46.4
MILLION FOR DEROOSE BUSINESS ON A CASH AND DEBT FREE BASIS AND
$22.6 MILLION FOR IP PORTFOLIO

Source text for Eikon:  ID:nGNX4fMbrb 
Further company coverage:  AGRI.O 

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