Brief: Brain Group Acquires Majority Of Breatec B.V. And Comix

BRAIN Biotech AG

01/02/2022 16:47

Feb 1 (Reuters) - BRAIN Biotech AG  BNNn.DE :
    * DGAP-ADHOC: BRAIN BIOTECH AG: BRAIN GROUP EXPANDS ITS FOOD
ENZYME BUSINESS WITH THE ACQUISITION OF A MAJORITY OF BREATEC
B.V. AND COMIX
    * ACQUIRED AN INITIAL STAKE OF 62% IN BREATEC B.V. INCLUDING
COMIX
BUSINESS VIA WERIOL GROUP B.V., NIEUWKUIJK, NETHERLANDS
    * INITIAL PURCHASE PRICE IS EUR 3.7 MILLION AND WILL BE
FINANCED
OUT OF EXISTING CASH
    * A CALL/PUT STRUCTURE HAS BEEN NEGOTIATED TO AQUIRE
BUSINESS IN
FULL LATEST UNTIL END OF Q1 2027

Source text for Eikon:  ID:nEQ4Zn8xqa 
Further company coverage:  BNNn.DE 

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