Brief: Boruta Zachem To Buy 120 Mln Shares In InventionBio For 115 Mln Zlotys

Hub.Tech SA

22/12/2020 07:29

Dec 22 (Reuters) - Boruta Zachem SA  BRUP.WA :
    * COMPLETES NEGOTIATIONS ON TERMS OF ACQUIRING CONTROLLING
STAKE
IN INVENTIONBIO
    * VALUATION OF INVENTIONBIO SET AT 306.2 MILLION ZLOTYS
    * COMPANY WILL ACQUIRE 120.0 MILLION SHARES (60% STAKE) IN
INVENTIONBIO FOR 115.1 MILLION ZLOTYS
    * ALSO SETS ISSUE PRICE FOR 150.0 MILLION F SERIES SHARES AT
0.68
ZLOTY PER SHARE
    * PLANS TO TAKE OVER INVENTIONBIO BY END-2020

Source text for Eikon:  ID:nEM4mfxCva 
Further company coverage:  BRUP.WA 

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