Brief: EG7 Enters Into Agreement To Acquire Innova Intellectual Properties

Enad Global 7 AB (publ)

25/02/2021 05:38

Feb 25 (Reuters) - Enad Global 7 AB (publ)  EG7.ST :
    * EG7 ENTERS INTO AN AGREEMENT TO ACQUIRE INNOVA
INTELLECTUAL
PROPERTIES S.À R.L.
    * ENTERED INTO AN AGREEMENT WITH SHAREHOLDERS OF LUXEMBOURG
BASED
GAME PUBLISHER INNOVA INTELLECTUAL PROPERTY S.À R.L. TO ACQUIRE
100% OF INNOVA
    * AGGREGATE PURCHASE PRICE OF ABOUT EUR 109.8 MILLION
CALCULATED
ON A CASH- AND DEBT- FREE BASIS
    * PURCHASE PRICE WILL BE PAID ENTIRELY IN NEWLY ISSUED EG7
SHARES
AND TRANSACTION DOES NOT INCLUDE AN EARN-OUT STRUCTURE.
    * COMPLETION OF TRANSACTION IS EXPECTED TO TAKE PLACE AT END
OF
FIRST CALENDAR QUARTER 2021

Source text for Eikon:  ID:nWkr8Rnvvq 
Further company coverage:  EG7.ST 

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