Brief: Frisq Backs Sale Of Operational Business To Cambio

Nosa Plugs AB publ

11/10/2022 07:04

Oct 11 (Reuters) - Frisq Holding AB (publ)  FRISQ.ST :
    * FRISQ'S BOARD OF DIRECTORS RECOMMENDS A DIVESTMENT OF THE
OPERATIONAL BUSINESS TO CAMBIO FOR SEK 40 MILLION AND INTENDS TO
ACQUIRE A NEW BUSINESS
    * HAS RECEIVED A BINDING, CONDITIONAL OFFER FROM CAMBIO
HEALTHCARE
SYSTEMS AB ("CAMBIO") OF SEK 40 MILLION FOR AQUIRING FRISQ'S
OPERATIONAL BUSINESS
    * BOARD WILL CALL AN EXTRAORDINARY GENERAL MEETING ON
OCTOBER 31
AND RECOMMENDS TO SHAREHOLDERS THAT OFFER SHOULD BE ACCEPTED
    * BOARD INTENDS TO REPLACE FRISQ AB WITH AN ACQUISITION OF A
NEW
BUSINESS DURING Q4 2022
    * GIVEN THAT DEAL IS APPROVED AND AN AGREEMENT IS ENTERED
INTO,
CAMBIO TAKES OVER FINANCIAL RESPONSIBILITY FOR FRISQ AB'S
OPERATIONAL BUSINESS AS OF NOVEMBER 1.

Source text for Eikon:  ID:nMFN6JHChQ 
Further company coverage:  FRISQ.ST 
 (Gdansk Newsroom)
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