Brief: Probi Acquires Newly Issued Shares In Blis Technologies, Enters Into Strategic Partnership

Probi AB

06/07/2021 10:12

July 6 (Reuters) - Probi AB  PROB.ST :
    * PROBI ACQUIRES NEWLY ISSUED SHARES IN NEW ZEALAND'S BLIS
TECHNOLOGIES AND ENTERS INTO A STRATEGIC PARTNERSHIP
    * PROBI ACQUIRES NEWLY ISSUED SHARES IN NEW ZEALAND'S BLIS
TECHNOLOGIES AND ENTERS INTO A STRATEGIC PARTNERSHIP
    * INVESTMENT IS PART OF A LONG-TERM STRATEGIC COLLABORATION
BETWEEN COMPANIES
    * HAS INVESTED APPROXIMATELY NZD 9 MILLION IN NEWLY ISSUED
SHARES
IN BLIS TECHNOLOGIES LTD, CORRESPONDING TO A 13% OWNERSHIP
    * IN CONNECTION WITH INVESTMENT, PROBI(®) AND BLIS HAVE
SIGNED A
LICENSING AND DISTRIBUTION AGREEMENT
    * PROBI WILL MANUFACTURE BLIS BACTERIAL STRAINS AND OFFER
THESE TO
PROBI'S CUSTOMERS AROUND WORLD.
    * COMPANIES WILL FURTHERMORE COLLABORATE IN RESEARCH AND
DEVELOPMENT.
    * SHARE ACQUISITION IS BEING FINANCED THROUGH LIQUID FUNDS
AND
PROBI HAS A MEDIUM TO LONG-TERM PERSPECTIVE ON ITS HOLDING IN
BLIS

Source text for Eikon:  ID:nWkr4DSbmH 
Further company coverage:  PROB.ST 

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