Brief: Euroafrica Digital Ventures To Reverse Acquire Deversify, Divest Subsidiaries

Deversify Health AB (publ)

17/01/2024 07:54

Jan 17(Reuters) - Euroafrica Digital Ventures AB
 EURAF.ST :
    * SAID ON  TUESDAY IT HAS ENTERED INTO A LETTER OF INTENT
WITH
MAJORITY SHAREHOLDERS OF DEVERSIFY AB TO ACQUIRE ALL SHARES OF
DEVERSIFY
    * TRANSACTION IS CONDITIONAL ON EUROAFRICA TO DIVEST
OPERATIONS OF
SUBSIDIARIES KUPATANA AB, SOCIAL CONTENT AB AND AFRIEURO DIGITAL
VENTURES LTD
    * PURCHASE PRICE FOR ALL SHARES IN DEVERSIFY TO BE PAID
THROUGH
EITHER A VENDOR NOTE OFFSET AGAINST NEWLY ISSUED SHARES IN
EUROAFRICA, OR THROUGH NON-CASH ISSUE WHERE SHARES IN DEVERSIFY
ARE CONTRIBUTED TO EUROAFRICA
    * TRANSACTION TO BE FINALISED IN FIRST HALF OF 2024
    * SUBSCRIPTION PRICE TO BE DETERMINED

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nBQN94HnQW 
 Further company coverage:  EURAF.ST 

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