Brief: Bayn Group Buys Golden Athlete

Humble AB

20/11/2020 13:33

Nov 20 (Reuters) - Bayn Group AB  BAYNE.ST :
    * SIGNS DEAL REGARDING ACQUISITION OF GOLDEN ATHLETE
    * PURCHASE PRICE AMOUNTS TO SEK 13 MILLION
    * DEAL ALSO INCLUDES ADDITIONAL PURCHASE PRICE OF UP TO AROUND SEK 4.9 MILLION
    * BAYN EXPECTS ACQUISITION TO RESULT IN A NUMBER  OF SYNERGIES WITH GREATLY IMPROVED GROSS
MARGIN
AND INCREASED GROWTH OPPORTUNITIES WITHIN 12 MONTHS OF COMPLETION OF TRANSACTION

Source text for Eikon:  ID:nWkr6dk40N 
Further company coverage:  BAYNE.ST 

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