Brief: Probi Acquires Shares In Vital Nutrients Holdings And Enters Into Strategic Partnership

Probi AB

20/10/2020 22:48

Oct 20 (Reuters) - Probi AB  PROB.ST :
    * ACQUIRES SHARES IN VITAL NUTRIENTS HOLDINGS AND ENTERS
INTO
STRATEGIC PARTNERSHIP
    * PROBI WILL FINANCE ACQUISITION BY ITS OWN CASH RESERVES
AND
ASSUMES A MEDIUM TO LONG TERM PERSPECTIVE ON ITS OWNERSHIP IN
VITAL HOLDINGS
    * INVESTED USD 6 MILLION IN US-BASED COMPANY VITAL NUTRIENTS
HOLDINGS, LLC ("VITAL HOLDINGS")
    * PROBI WILL BE SECOND LARGEST SHAREHOLDER IN VITAL
HOLDINGS,
HOLDING SLIGHTLY LESS THAN TEN PERCENT OF SHARES IN COMPANY

Source text for Eikon:  ID:nWkr4SXyqG 
Further company coverage:  PROB.ST 

 ((Reuters.Briefs@thomsonreuters.com;))