Brief: GVS Signs Binding Deal To Buy 100% Of Shanghai Transfusion Technology For EUR 50 Mln

GVS

20/12/2021 07:38

Dec 20 (Reuters) - GVS SpA  GVS.MI :
    * UNIT GVS TECHNOLOGY (SUZHOU) SIGNS BINDING DEAL WITH
NINGBO FUJI
MEDICAL TECHNOLOGY FOR ACQUISITION OF 100% OF SHANGHAI 
TRANSFUSION TECHNOLOGY
    * AT CLOSING, TRANSACTION PROVIDES FOR PAYMENT OF APPROX.
EUR 50
MILLION FOR ACQUISITION OF 100% STAKE
    * AT CLOSING, TRANSACTION PROVIDES FOR PAYMENT OF APPROX.
EUR 50
MILLION FOR ACQUISITION OF 100% STAKE
    * DEAL ALSO PROVIDES FOR MAXIMUM DEFERRED  PAYMENT OF ABOUT
FURTHER EUR 9 MILLION IN CASE STT WILL BE AUTHORIZED TO PRODUCE
AND MARKET NEW STRATEGIC PRODUCT LINE
    * THE CLOSING IS EXPECTED TO OCCUR IN Q1 OF 2022

Further company coverage:  GVS.MI 

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