Brief: Entersoft Acquires 75% In Bit Software Romania For EUR 3.0 Million

Entersoft SA

26/05/2022 07:42

May 26 (Reuters) - EnterSoft SA  ENTr.AT :
    * ENTERSOFT SA ACQUIRES 75% IN BIT SOFTWARE ROMANIA
    * ENTERSOFT SAYS UNDER THE AGREEMENT IT WILL INITIALLY
ACQUIRE 75%
OF THE COMPANY FOR EUR 3.0 MILLION
    * ENTERSOFT SAYS IT WILL MERGE ITS EXISTING SUBSIDIARY IN
ROMANIA
WITH BIT SOFTWARE IN ORDER TO CONSOLIDATE ITS PRESENCE IN THE
MARKET
    * ENTERSOFT SAYS AFTER A PERIOD OF C. 3 YEARS IT WILL BUY
OUT THE
MINORITY SHAREHOLDER OF THE COMBINED ENTITY BECOMING ITS SOLE
OWNER
    * ENTERSOFT SAYS ACQUISITION WILL BE FINANCED FROM THE
COMPANY’S
AVAILABLE CASH


Further company coverage:  ENTr.AT 

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