Brief: EEducation Albert To Acquire Holy Owly

eEducation Albert AB

20/12/2022 07:30

Dec 20(Reuters) - eEducation Albert AB  ALBERT.ST :
    * SAID ON MONDAY, ENTERED AGREEMENT TO ACQUIRE FRENCH EDTECH
COMPANY KIDS MBA SAS (HOLY OWLY) FOR ABOUT SEK 25 MLN MINUS ANY
LEAKAGE, SHAREHOLDER LOANS
    * PURCHASE PRICE SHALL BE PAID IN FORM OF NEWLY ISSUED
SHARES IN
ALBERT
    * AN ADDITIONAL PURCHASE PRICE OF A MAXIMUM OF ABOUT SEK 15
MLN
MAY BE PAID, CONDITIONAL ON CERTAIN FINANCIAL TARGETS FOR THE
ALBERT GROUP BEING MET
    * ANY ADDITIONAL PURCHASE PRICE SHALL BE PAID IN CASH
    * HOLY OWLY OFFERS AN APPLICATION THAT ENABLES LANGUAGE
LEARNING
FOR CHILDREN AGED 3–12

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nMFNbsp9C0
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