Brief: Boiron FY Revenue Down At EUR 455.2 Mln, To Acquire ABBI

Boiron SA

20/01/2022 17:32

Jan 20 (Reuters) - BOIRON SA  BOIR.PA :
    * FY REVENUE EUR 455.2 MILLION VERSUS EUR 513.6 MILLION YEAR
AGO
    * ANNUAL OPERATING RESULT FOR 2021 IS ESTIMATED TO BE HIGHER
THAN
THAT PUBLISHED FOR 2020 (WHICH WAS '38.2 MILLION)
    * ANNOUNCE THE SIGNATURE OF AN AGREEMENT TO ACQUIRE A 70%
MAJORITY
STAKE IN ABBI
    * TRANSACTION FOR 1.75 MILLION EUROS, TO WHICH MAY BE ADDED
AN
ADDITIONAL CONSIDERATION DEPENDING ON THE PERFORMANCE OF ABBI
    * ABBI ACQUISITION WILL BE EFFECTIVE NO LATER THAN FEBRUARY
28,
2022 SUBJECT TO THE FULFILLMENT OF CONDITIONS PRECEDENT
    * ON JUNE 30, 2025, LABORATOIRES BOIRON WILL ACQUIRE THE
REMAINING
30% FOR AN AMOUNT WHICH WILL ALSO DEPEND ON THE PERFORMANCE OF
ABBI
    * THESE AMOUNTS WILL BE FINANCED FROM THE GROUP'S OWN FUNDS

Source text for Eikon:  ID:nACT72840 
Further company coverage:  BOIR.PA 

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