Brief: Readly Enters Into Agreement To Acquire Toutabo, Owner Of Epresse

Readly International AB (publ)

06/10/2021 06:39

Oct 6 (Reuters) - Readly International AB (publ)  READ.ST :
    * READLY ENTERS INTO AGREEMENT TO ACQUIRE TOUTABO, THE OWNER
OF
EPRESSE, ESTABLISHING A LEADING POSITION IN FRANCE
    * READLY ENTERS INTO AGREEMENT TO ACQUIRE TOUTABO, THE OWNER
OF
EPRESSE, ESTABLISHING A LEADING POSITION IN FRANCE
    * HAS ENTERED INTO AN AGREEMENT TO ACQUIRE 97.3% OF ISSUED
SHARES
IN TOUTABO SA
    * TOTAL PURCHASE PRICE AMOUNTS TO UP TO APPROXIMATELY EUR
8.2
MILLION ON A CASH AND DEBT FREE BASIS
    * INITIAL CONSIDERATION OF APPROXIMATELY EUR 3.9 MILLION
BEING
PAID IN CONNECTION WITH CLOSING OF ACQUISITION
    * COMPLETION OF ACQUISITION IS EXPECTED TO OCCUR ON OR
AROUND END
OF OCTOBER 2021.

Source text for Eikon:  ID:nWkr9dMsL1 
Further company coverage:  READ.ST 

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