Brief: Medios Planned Takeover Of Newco Pharma Group Approved By Cartel Office

Medios AG

14/12/2021 13:20

Dec 14 (Reuters) - MEDIOS AG  ILM1k.DE :
    * PLANNED TAKEOVER OF NEWCO PHARMA GROUP APPROVED BY CARTEL
OFFICE
    * CLOSING OF TRANSACTION IS PLANNED FOR Q1 OF 2022
    * ACQUISITION OF NEWCO PHARMA ENABLES MEDIOS TO
SIGNIFICANTLY
STRENGTHEN IN PARTICULAR SEGMENT OF PATIENT-SPECIFIC THERAPIES
AND THUS ALSO TO SIGNIFICANTLY AND SUSTAINABLY INCREASE PROFIT
MARGINS OF ENTIRE MEDIOS GROUP
    * TOGETHER WITH NEWCO PHARMA, MEDIOS AIMS TO EXCEED
1.5-BILLION-EURO REVENUE MARK IN 2022 AND SIGNIFICANTLY INCREASE
ITS EBITDA PRE^1 MARGIN TO OVER 3%

Source text for Eikon:  ID:nEQ9MzqxWa 
Further company coverage:  ILM1k.DE 

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