Brief: PharmaNutra Signs Deal To Acquire 100% Of Akern For EUR 12 Mln

Pharmanutra SpA

15/06/2022 14:23

June 15 (Reuters) - Pharmanutra SpA  PHNU.MI :
    * PHARMANUTRA: SIGNING OF THE AGREEMENT FOR THE ACQUISITION
OF
100% OF AKERN S.R.L.  PHNU.MI 
    * THE ACQUISITION PRICE FOR THE 100% EQUITY SHARES OF AKERN
IS EUR
12 MILLION
    * ACQUISITION PRICE EXCLUDES EARN-OUT TO SELLERS FOR UP TO
EUR 3
MILLION LINKED TO EBITDA AND GROSS MARGIN TARGETS FOR YEARS
2022,  2023, AND 2024
    * CLOSING IS SUBJECT, AMONG OTHERS, TO "GOLDEN POWER"
AUTHORIZATION BY ITALIAN GOVERNMENT
    * CLOSING TO BE COMPLETED WITH 2 SEPARATE OPERATIONS: BY
JULY
2022, WITH PURCHASE OF 72.96% AND 13.52% STAKES, AND  BY DEC.
2022 WITH PURCHASE OF FURTHER 13.52%

Further company coverage:  PHNU.MI 

 (Reporting by Milan newsroom)