Brief: Implanet Enters Exclusive Talks To Sell Madison Total Knee Implant
18/05/2020 18:13
May 18 (Reuters) - IMPLANET SA ALIMP.PA :
* IMPLANET ENTERS INTO EXCLUSIVE NEGOTIATIONS TO SELL ITS
"MADISON" TOTAL KNEE IMPLANT TO FOCUS ON GROWING ITS SPINE
BUSINESS
* TRANSACTION WOULD RELATE TO ALL ASSETS, RIGHTS, TITLES AND
CONTRACTS PERTAINING TO COMPANY'S MADISON ACTIVITY RELATIVE TO
DESIGN AND MARKETING OF IMPLANTS FOR PROSTHETIC KNEE SURGERY
* THIS BRANCH OF ACTIVITY WILL BE SUBJECT OF CREATION OF A
DEDICATED SUBSIDIARY WITHIN IMPLANET
* THANKS TO OPERATION, WE WILL BENEFIT FROM SIGNIFICANT
ADDITIONAL
FINANCIAL RESOURCES TO STRENGTHEN ORGANIC GROWTH AND TO BE ABLE
TO SEIZE POTENTIAL OPPORTUNITIES FOR ACQUISITIONS - CEO
Source text for Eikon: ID:nBw3VyFwma
Further company coverage: ALIMP.PA
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