Brief: Medios Acquires NewCo Pharma Group

Medios AG

25/11/2021 11:18

Nov 25 (Reuters) - MEDIOS AG  ILM1k.DE :
    * ACQUIRES NEWCO PHARMA GROUP
    * CASH AMOUNT OF PROVISIONALLY EUR 85.2 MILLION WILL BE PAID
AS
PURCHASE PRICE
    * PAYMENT WITH CASH AND BANK LOAN AS WELL AS NEW SHARES TO
BE
ISSUED FROM CAPITAL INCREASE IN KIND FROM AUTHORIZED CAPITAL
    * INTENDS TO ANNOUNCE ITS CONCRETE OUTLOOK FOR 2022 WHEN IT
PUBLISHES ITS FIGURES FOR 2021 FINANCIAL YEAR IN Q1 OF 2022.
    * IN ORDER TO SECURE FINANCING OF CASH PURCHASE PRICE
COMPONENT,
MEDIOS HAS SECURED A CREDIT LINE OF EUR 60 MILLION WITH A SHORT
TERM AT MARKET CONDITIONS
    * CLOSING OF TRANSACTION IS PLANNED FOR Q1 OF 2022

Source text for Eikon:  ID:nEQ4XVFK9a 
Further company coverage:  ILM1k.DE 

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