Brief: Swedencare AB (Publ) Says It Will Acquire 100% Of British Company Nutravet (Uk) Limited ("Nutravet").

Swedencare AB (publ)

24/09/2020 16:35

Sept 24 (Reuters) - Swedencare AB (publ)  SECARE.ST :
    * SAYS IT WILL ACQUIRE 100% OF BRITISH COMPANY NUTRAVET (UK)
LIMITED ("NUTRAVET").
    * SAYS PURCHASE PRICE AMOUNTS TO APPROXIMATELY 375 MILLION
SEK AND
CONSISTS OF A CASH AMOUNT OF APPROXIMATELY 281 MILLION SEK AND A
DIRECTED NEW SHARE ISSUE OF 580 769 SHARES IN SWEDENCARE
    * CEO SAYS "WITH ACQUISITION OF NUTRAVET, WE CREATE A UNIQUE
GROUP
WHICH ENTAILS DIFFERENT GROWTH AND PROFITABILITY DRIVEN
COMPANIES WITHIN ANIMAL HEALTH"

Source text for Eikon:  ID:nWkrFjzQm 
Further company coverage:  SECARE.ST 

 (Reporting by Colm Fulton)
 ((Colm.Fulton@thomsonreuters.com;))