Brief: Present24 Agrees Terms Of Purchase Of Bestpen Domains, B2B Stores

Present24 SA

03/12/2018 12:40

Dec 3 (Reuters) - PRESENT24 SA  P24.WA :
    * SAYS ENDS NEGOTIATIONS AND AGREES TO ACQUIRE BESTPEN
DOMAINS AND
B2B STORES (SERVICES) ​IN SELECTED EUROPEAN COUNTRIES
    * THE COUNTRIES ARE SWITZERLAND, GERMANY, THE NETHERLANDS,
FRANCE,
ITALY, SPAIN, BELGIUM, SWEDEN, DENMARK AND UNITED KINGDOM
    * BESTPEN SELL ENGRAVED PENS FOR COMPANIES AND B2B CUSTOMERS
    * SAYS IT WILL ALSO ACQUIRE EXISTING CLIENT BASE AND
PRODUCTION
WILL BE MOVED TO THE COMPANY'S PREMISES 
    * TO PAY FOR THE ACQUISITION IN ALL OWN SHARES OF THE
SELLER,
BETINV AG
    * ADDITIONALY, SUBJECT TO PERFORMANCE OF THE ACQUIRED
SERVICES,
PRESENT24 WILL ISSUE NEW SHARES TO THE SELLER
    * WILL OWN THE ABOVE SERVICES FROM JAN. 1, 2019 AND
ESTIMATES FULL
INTEGRATION BY THE END OF Q2
    * IN NOV. STARTED NEGOTIATIONS WITH AFFILIATED ENTITY TO
AGREE
ACQUISITION OF B2B, B2C INTERNET SERVICES TO WIDEN ITS PRODUCT
OFFER  urn:newsml:reuters.com:*:nFWN1XU00W

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM4lt4cda
    
 Further company coverage:  P24.WA  
   


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