Brief: Euroafrica Digital Ventures Unit Enters Into Agreement For Tanzania

Deversify Health AB (publ)

12/09/2023 12:32

Sept 12 (Reuters) - Euroafrica Digital Ventures AB  EURAF.ST :
    * UNIT KUPATANA ENTERS INTO AGREEMENT WITH HADITHI LAB LTD
    * AS A CONSEQUENCE OF THIS, THE COMPANY ALSO INITIATES A LIQUIDATION OF OWN OPERATIONAL
ACTIVITIES
IN TANZANIA
    * DEAL ON OPERATIONS, DEVELOPMENT, SALES RELATED TO KUPATANA.COM IN TANZANIA
    * PARTNERSHIP AGREEMENT SEES HADITHI TAKE OVER REVENUE RESPONSIBILITY, OPERATING COSTS, WITH
EXCEPTION OF SERVER COSTS, SOME DEVELOPMENT
    * AGREEMENT WILL COME INTO EFFECT IN SEPTEMBER AND IS EXPECTED TO SAVE ABOUT SEK 1.5 MILLION
ON AN
ANNUAL BASIS
    * GROSS REVENUE SPLIT 50/50 BETWEEN KUPATANA AND HADITHI

Source text for Eikon:  ID:nBQN4jmcnP 
Further company coverage:  EURAF.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))