Brief: Visiomed Sells Part Of Its Family Health Branch To Biosynex

Klea Holding SA

14/01/2020 07:29

Jan 14 (Reuters) - Visiomed Group SA  ALVMG.PA :
    * FINALISED THE PARTIAL SALE OF A BUSINESS CONSISTING OF THE
GROUP'S FAMILY HEALTH BRANCH (EXCLUDING DERMOCOSMETICS) TO THE
COMPANY BIOSYNEX (FR0011005933 - ALBIO)
    * TRANSACTION GENERATED NET CASH FLOW OF EUR 5.6 MILLION
    * TO CONTINUE EFFORTS TO REDUCE COSTS, RATIONALIZE
ORGANIZATION
BASED ON NEW SCOPE OF ACTIVITY; TRANSACTION RESULTS IN REDUCTION
OF € 3.4 MLN IN HALF-YEAR OPERATING EXPENSES

Source text : https://bit.ly/30hRQb2
Further company coverage:  ALVMG.PA 

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