Brief: Procaps Group Announces Termination Of Acquisition Agreement With Grupo Somar

Sofgen Pharma SA

03/01/2023 21:32

Jan 3 (Reuters) - Procaps Group SA  PROC.O :
    * PROCAPS GROUP ANNOUNCES TERMINATION OF ACQUISITION
AGREEMENT
WITH GRUPO SOMAR
    * PROCAPS GROUP SA - TIME REQUIRED FOR RESOLUTION OF EMBARGO
REMAINS UNCERTAIN AND IS NOT IN COMPANY'S CONTROL
    * PROCAPS GROUP SA - REMAINS OPEN TO DISCUSSING ALTERNATIVES
WITH
SELLERS
    * PROCAPS GROUP SA - CANNOT PROVIDE ANY ASSURANCES REGARDING
WHETHER ACQUISITION OF GRUPO SOMAR BY CO WILL OCCUR IN FUTURE

Source text for Eikon:  ID:nGNX5qw6YZ 
Further company coverage:  PROC.O 
 ((Reuters.Briefs@thomsonreuters.com;))