Brief: Eurobio Scientific To Acquire GenDx For EUR 135 Mln

Eurobio Scientific SA

17/08/2022 17:09

Aug 17 (Reuters) - Eurobio Scientific SA  ALERS.PA :
    * SIGNS AGREEMENT TO ACQUIRE GENDX
    * ANNOUNCES THE SIGNING ON AUGUST 17, 2022 OF AN AGREEMENT
TO
ACQUIRE 100% OF THE CAPITAL AND VOTING RIGHTS OF THE DUTCH
COMPANY GENOME DIAGNOSTICS BV (GENDX) FROM ITS FOUNDER AND ITS
SHAREHOLDERS FOR AN AMOUNT OF 135 MILLION EUROS
    * ACQUISITION WILL BE FINANCED IN PART BY GROUP'S OWN CASH
AND IN
PART BY A LOAN FROM A SYNDICATE BRINGING TOGETHER GROUP'S BANKS,
IN PARTICULAR LCL, BNP, CRÉDIT AGRICOLE ILE DE FRANCE, BRED AND
CIC
    * THE LOAN WILL BE FOR A TOTAL AMOUNT OF 90 MILLION EUROS
    * THE LOAN WILL BE AMORTIZED HALF-YEARLY OVER A PERIOD OF
SIX
YEARS FOR 63 MILLION EUROS, AND WILL BE REPAYABLE IN FINE AT THE
END OF THE SEVENTH YEAR FOR 27 MILLION EUROS
    * FINAL COMPLETION OF THE ACQUISITION SHOULD TAKE PLACE BY
MID-OCTOBER

Source text for Eikon:  ID:nGNE4lnXlV 
Further company coverage:  ALERS.PA 

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