Brief: Azkoyen Buys Ascaso For 17 Mln Euros

Azkoyen SA

26/07/2022 10:00

July 26 (Reuters) - Azkoyen SA  AZK.MC :
    * AZKOYEN GROUP BUYS ASCASO AND CONSOLIDATES ITS COFFEE RANGE
    * ACQUISITION OF ASCASO STRENGTHENS AZKOYEN GROUP’S COFFEE BUSINESS, WHICH ALREADY ACCOUNTS
FOR
75% OF TURNOVER OF COFFEE VENDING SYSTEMS DIVISION
    * PRICE OF TRANSACTION IS 17 MILLION EUROS, WITH POSSIBLE ADDITIONAL PAYMENTS OF 4 MILLION
EUROS
CONTINGENT UPON THE 2022-2024 BUSINESS PLAN

Source text: https://bit.ly/3outZ4R
Further company coverage:  AZK.MC 

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