Brief: Bioton signs prelim. agreement to sell Tricel

Bioton SA

24/04/2017 07:32

April 24 (Reuters) - Bioton SA  BIOP.WA : 
    * Said on Saturday that on April 10 it signed a preliminary 
agreement to sell Luxembourg-based Tricel SA to Canada-based 
Medwise Pharmaceuticals Limited (Medwise) for no more than 3.3 
million euros ($3.59 million) 
    * Tricel, a holding company, owns Fisiopharma s.r.l. and 
Pharmatex Italia s.r.l., both based in Italy 
    * As a part of the prelim. contract, the parties also agreed 
to the transfer of the company's receivables to Medwise and the 
return of a loan granted to Tricel and the return of a loan 
granted to Fisiopharma  
    * According to the prelim. agreement, a final deal should be 
signed by June 1 
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM2297252 
     
 Further company coverage:  BIOP.WA   
    
($1 = 0.9202 euros) 
 
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