Brief: Cyber1 Signs Agreements For Acquisitions Of 50% Of Cyber Security South Africa And Cyber Security Africa Distribution

Cyber Security 1 AB

31/05/2021 12:22

May 31 (Reuters) - Cyber Security 1 AB  CYB1.ST :
    * CYBER1 SIGNS SALE AND PURCHASE AGREEMENTS FOR ACQUISITIONS
OF
50% OF CYBER SECURITY SOUTH AFRICA AND CYBER SECURITY AFRICA
DISTRIBUTION
    * ACQUISITION TERMS INCLUDE EXCLUSIVITY RIGHTS FOR CYBER1 TO
PURCHASE REMAINING 50 PERCENT OF CSSA AND CSAD BEFORE 30
SEPTEMBER 2022.
    * TOTAL CONSIDERATION FOR 50 % OF CSSA AND CSAD ARE EUR
635,000
    * COMBINED CSSA AND CSAD REVENUES IN 2020 WERE EUR 7.92M.

Source text for Eikon:  ID:nMFN90CS7J 
Further company coverage:  CYB1.ST 

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