May 6 (Reuters) - Subgen AI AB SUBGEN.ST:
SAID ON TUESDAY HAS ACQUIRED RIGHT TO 51% OF LINK SECURITIES TO BUILD EUROPE'S AI PLATFORM FOR FINANCIAL SERVICES
THIS RIGHT ORIGINATES FROM EUR 2 MILLION MANDATORY CONVERTIBLE LOAN GRANTED BY UNIT ZONAVALUE GLOBAL S.L. TO LINK SECURITIES
LOAN IS TO BE REPAID THROUGH ISSUANCE OF NEW SHARES
FOLLOWING TRANSFER OF THIS RIGHT FROM ZONAVALUE GLOBAL TO SUBGEN AI, CO EXPECTED TO DIRECTLY ACQUIRE 51% OF LINK SECURITIES
LINK SECURITIES EXPECTED TO CONTRIBUTE ABOUT SEK 30 MILLION IN ANNUAL REVENUE, SEK 5 MILLION IN EBITDA IN FIRST FULL YEAR WITHIN GROUP
LINK SECURITIES WILL BE IMMEDIATELY ACCRETIVE TO GROUP PROFITABILITY
Source text: ID:nMFN6Z8wrF
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