Brief: Betterware De México Acquires 60% Of Gurúcomm

Betterware de Mexico S.A.P.I.

22/03/2021 10:52

March 22 (Reuters) - Betterware de Mexico SAB de CV
 BWMX.O :
    * BETTERWARE DE MÉXICO ACQUIRES 60% OF GURÚCOMM, A MOBILE
VIRTUAL
NETWORK OPERATOR AND COMMUNICATIONS SOFTWARE DEVELOPER
    * BETTERWARE DE MEXICO SAB DE CV - PURCHASE PRICE IS $45
MILLION
PESOS AND INVESTMENT WAS PAID OUT OF EXISTING CASH ON CO'S
BALANCE SHEET
    * BETTERWARE DE MEXICO SAB DE CV - DOES NOT EXPECT
ACQUISITION TO
BE MATERIAL TO FISCAL YEAR 2021 RESULTS
    * BETTERWARE DE MEXICO SAB DE CV - MAINTAINING ITS GUIDANCE
PROVIDED WHEN IT REPORTED Q4 AND FISCAL YEAR 2020 RESULTS ON
FEBRUARY 18, 2021
    * BETTERWARE DE MEXICO SAB DE CV - GURÚCOMM WILL OPERATE
WITHIN
BETTERWARE, AS BETTERWARE CONNECT, LED BY EXISTING GURÚCOMM
MANAGEMENT TEAM

Source text for Eikon:  ID:nPn7l4kqBa 
Further company coverage:  BWMX.O 

 ((Reuters.Briefs@thomsonreuters.com;))