Brief: Crown Energy Says Has Entered Into A Letter Of Intent To Acquire 85% Of Company Group Within Medtech Sector

Crown Energy AB

10/01/2023 17:32

Jan 10 (Reuters) - Crown Energy AB  CRWEN.NGM :
    * CROWN ENERGY AB (PUBL) HAS ENTERED INTO A LETTER OF INTENT
TO
ACQUIRE 85% OF A COMPANY GROUP WITHIN MEDTECH SECTOR
    * CROWN ENERGY- CO HAS AGREED TO MAKE UPFRONT PAYMENT
AMOUNTING TO
EUR 16.3 MILLION IN CASH TO SELLER WITHIN THREE BUSINESS DAYS
FOLLOWING EXECUTION OF LOI
    * CROWN ENERGY AB-IF, FOR WHATEVER REASON, CLOSING DOES NOT
OCCUR,
THEN SELLER SHALL REPAY UPFRONT PAYMENT TO COMPANY WITHIN THREE
BUSINESS DAYS

Source text for Eikon:  ID:nWkr8hyH4H 
Further company coverage:  CRWEN.NGM 
 ((Reuters.Briefs@thomsonreuters.com;))