Brief: Magle Group To Acquire pK Biotech, pK Chemicals

Magle Chemoswed Holding AB

17/06/2024 07:08

June 17 (Reuters) - Magle Chemoswed Holding AB
 MAGLE.ST :
    * MAGLE GROUP ANNOUNCES ACQUISITION OF PK BIOTECH APS AND PK
CHEMICALS A/S
    * PURCHASE PRICE, COMPRISING 7.2 MILLION NEWLY ISSUED SHARES
IN
CO, IS VALUED AT ABOUT SEK 240 MILLION
    * DEAL NOT EXPECTED TO AFFECT TIMELINE OR TERMS FOR MERGER
WITH
AMNIOTICS AB
    * DEAL IS EXPECTED TO BE COMPLETED IN Q3 2024
    * NEW SHARE ISSUE TO RESULT IN DILUTION OF 40%

Source text for Eikon:  ID:nMFN7LctMG 
Further company coverage:  MAGLE.ST 

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