Brief: Cognosec to buy Itway's cyber security interests in Turkey and Greece for €10 mln

Cyber Security 1 AB

03/04/2018 17:31

April 3 (Reuters) - Cognosec AB  COGS.ST :
    * COGNOSEC ENTERS INTO AN EXCLUSIVE AGREEMENT TO ACQUIRE
ITWAY'S
CYBER SECURITY VALUE ADDED DISTRIBUTOR INTERESTS IN TURKEY AND
GREECE FOR €10 MILLION
    * ‍TOTAL CONSIDERATION WILL CONSIST OF EUR 2 MILLION IN CASH
AND
BALANCE BEING MADE UP OF EUR 8 MILLION IN COGNOSEC AB NEW ISSUE
SHARES​
    * ANNOUNCES SIGNING OF AGREEMENT RELATED TO PROPOSED
ACQUISITION
BY COGNOSEC OF 100% OF SHARES IN ITWAY HELLAS SL SA & ITWAY
TURKYIE LTD

Source text for Eikon:  ID:nWkr4pvvQj 
Further company coverage:  COGS.ST 

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