Brief: Microba Says Sonic Acquires 19.9% Stake In Co And Enters Partnership

Microba Life Sciences

29/11/2022 01:40

Nov 29 (Reuters) - Microba Pty Ltd  MAP.AX :
    * SONIC ACQUIRES 19.9% MICROBA STAKE AND ENTERS PARTNERSHIP
    * SONIC HEALTHCARE  HAS AGREED TO INVEST A$17.8 MILLION TO
ACQUIRE
19.99%  SHAREHOLDING IN MICROBA
    * SONIC IS SEEKING TO ACQUIRE OPTIONS FOR A FURTHER 5% STAKE
IN CO
    * EXERCISE  OF  OPTIONS BY SONIC WOULD RESULT IN FURTHER
INVESTMENT OF A$7.5 MILLION IN MICROBA
    * PARTIES AGREED INITIAL TERMS FOR STRATEGIC PARTNERSHIP TO
DELIVER CO'S MICROBIOME TESTING TECHNOLOGY INTO AUSTRALIA,
GERMANY, ETC

Source text for Eikon:  ID:nASX24T0J0 
Further company coverage:  MAP.AX 
 ((Reuters.Briefs@thomsonreuters.com;))