Brief: Farmacosmo Buys 67% Of Innovation Pharma In Italy

Farmacosmo SpA

21/12/2022 06:27

Dec 21 (Reuters) - Farmacosmo SpA  COSMO.MI :
    * SAID ON TUESDAY GROUP BOUGHT 67% OF INNOVATION PHARMA FROM
G&PH
HOLDING 
    * CONSIDERATION PAID THROUGH CAPITAL INCREASE, CONTRIBUTION
IN
KIND OF PARTICIPATION OF FARMACIA DE LEO
    * ENTERPRISE VALUE OF INNOVATION PHARMA VALUED AT ABOUT EUR
4 MLN
    * OPERATION INCLUDES 3-YEAR CALL OPTION FOR FARMACOSMO,
5-YEAR PUT
OPTION FOR G&PH HOLDING AIMED AT BUYING REMAINING STAKE FROM
G&PH HOLDING

        
 Further company coverage:  COSMO.MI  
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