Feb 27 (Reuters) - SaveLend Group AB YIELD.ST:
COMPLETES THE DIVESTMENT OF ITS SUBSIDIARY BILLECTA AB
COMPLETES DIVESTMENT OF 78% OWNERSHIP IN BILLECTA
DEAL BASED ON BILLECTA VALUATION OF UP TO SEK 150 MILLION
OF INITIAL PURCHASE PRICE OF ABOUT SEK 82 MILLION, ABOUT SEK 64 MILLION HAS BEEN RECEIVED IN CASH
REMAINING AMOUNT, ABOUT SEK 18 MILLION, TO BE SETTLED THROUGH VENDOR NOTE, TO BE REPAID IN TWO INSTALMENTS OVER A PERIOD OF UP TO FIVE YEARS
Source text: ID:nMFN4CDqZN
Further company coverage: YIELD.ST
(Gdansk Newsroom)
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