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Brief: Mavshack To Buy 10% Of Shares In Wingmine For SEK 5 Mln

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)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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