Brief: Bioton Signs Investment To Sell Shares In SciGen LTD.

Bioton SA

15/05/2018 15:55

May 15 (Reuters) - BIOTON SA  BIOP.WA :
    * SIGNS INVESTMENT AGREEMENT WITH YIFAN INTERNATIONAL PHARMACEUTICAL CO.,
LTD.
    * AS PART OF AGREEMENT CO TO SELL ALL ITS SHARES IN  SCIGEN LTD.
    * PRICE FOR SCIGEN LTD. SHARES OWNED BY CO IS USD 26.8 MILLION
    * SALE SHOULD TAKE PLACE WITHIN 4 MONTHS FROM INVESTMENT AGREEMENT
    * YIFAN PHARMA'S UNIT SAID EARLIER, ON MAY 15, THAT IT IS TO BUY STAKE IN
SCIGEN
TO BRING IT PRIVATE  urn:newsml:reuters.com:*:nH9N1SH008

Source text for Eikon:  ID:nEM2ytFHCa 
Further company coverage:  BIOP.WA 

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