Brief: Novacyt Receives Formal Notification From INEX Innovate Pte Ltd Of Decision To Terminate Discussions On Acquisition Of Yourgene Health Taiwan Co Ltd

Novacyt SA

06/02/2024 07:07

Feb 6 (Reuters) - Novacyt SA  ALNOV.PA :
    * REG - NOVACYT S.A. - UPDATE ON TAIWANESE DIVESTMENT
    * RECEIVED FORMAL NOTIFICATION FROM INEX INNOVATE PTE LTD OF
ITS
DECISION TO TERMINATE DISCUSSIONS REGARDING ACQUISITION OF
YOURGENE HEALTH TAIWAN CO LTD, AS ORIGINALLY ANNOUNCED BY
YOURGENE HEALTH PLC ("YOURGENE") ON 13 JUNE 2023
    * AS A RESULT, YOURGENE'S TAIWANESE LABORATORY BUSINESS WILL
REMAIN PART OFTHE NOVACYT GROUP
    * BOARD DOES NOT CONSIDER DIVESTMENT MATERIAL AND WILL
CONTINUE TO
EVALUATE A NUMBER OF OPTIONS IN RELATION TO FUTURE OF TAIWANESE
LABORATORY BUSINESS THAT OFFER BEST VALUE TO ALL STAKEHOLDERS

Source text for Eikon:  ID:nRSF0827Ca 
Further company coverage:  ALNOV.PA 

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