Brief: Pharming Group Announces Change In Its Holding In BioConnection

Gimv NV

22/04/2022 06:13

April 22 (Reuters) - Pharming Group NV  PHAR.AS :
    * ANNOUNCES CHANGE IN ITS HOLDING IN BIOCONNECTION FOLLOWING
A
SUBSTANTIAL INVESTMENT BY NEW INVESTOR
    * FOLLOWING AN AGREED INVESTMENT BY GIMV, PHARMING'S
MINORITY
STAKE OF 43.85% IN BIOCONNECTION WILL REDUCE TO 22.98%
    * AS A RESULT OF THIS TRANSACTION, PHARMING WILL RECEIVE
ONE-OFF
US$ 7.5 MILLION (EUR 6.9 MILLION) NET CASH PROCEEDS

Source text for Eikon:  ID:nPreT5ks8a 
Further company coverage:  PHAR.AS 

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