March 3 (Reuters) - Mavshack AB (publ) MAV.ST:
ENTERED INTO AN AGREEMENT TO ACQUIRE 10 % OF SHARES IN AI-TRADING COMPANY WINGMINE AB FOR A TOTAL CONSIDERATION OF 5 MILLION SEK
MAINTENANCE AND DEVELOPMENT PART OF CONTRACT IS WORTH ABOUT 2.0 MILLION SEK PER YEAR
MAVSHACK WILL TAKE OVER RESPONSIBILITY FOR CONTINUED MAINTENANCE AND FURTHER DEVELOPMENT OF WINGMINE'S TRADING ALGORITHMS
MAVSHACK EXPECTS THAT DEAL WILL HAVE POSITIVE IMPACT ON LAST ROW OF CO OF ABOUT SEK 7 MILLION OVER NEXT 12 MONTHS
Source text: ID:nBQN4m4rR1
Further company coverage: MAV.ST
(Gdansk Newsroom)
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