Brief: Swedencare Acquires RxV Enterprises In USA

Swedencare AB (publ)

01/04/2021 07:40

April 1 (Reuters) - Swedencare AB (publ)  SECARE.ST :
    * SAID ON WEDNESDAY IT ACQUIRES US COMPANY WITH FOCUS ON
VETERINARIAN PET NUTRACEUTICAL PRODUCTS, RXV ENTERPRISES WITH
ITS FULLY OWNED SUBSIDIARY RX VITAMINS 
    * PURCHASE PRICE AMOUNTS TO USD 23 MILLION (APPROXIMATELY
SEK 200
MILLION)
    * PRICE CONSISTS OF A CASH AMOUNT OF USD 18.4 MILLION
(APPROXIMATELY SEK 160 MILLION) AND AN ISSUE IN KIND OF 95 542
SHARES IN SWEDENCARE, REPRESENTING USD 4.6 MILLION
(APPROXIMATELY SEK 40 MILLION) TO THE SELLERS AT CLOSING
    * CLOSING IS EXPECTED TO TAKE PLACE APRIL 1, 2021
    * THROUGH THE ACQUISITION SWEDENCARE WILL RECEIVE ONE OF THE
FIRST
NUTRACEUTICAL PET PRODUCT BRANDS IN THE US

    
    
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