Brief: 2MX Organic In Discussions To Combine With InVivo Retail

Teract SA

31/03/2022 17:22

March 31 (Reuters) - 2MX Organic SA  2MX.PA :
    * 2MX ORGANIC AND INVIVO JOIN FORCES TO CREATE A LEADER IN
RESPONSIBLE RETAIL
    * COMBINATION WOULD BE BASED ON A 675 MILLION EUROS
ENTERPRISE
VALUE FOR INVIVO RETAIL
    * THE CONTRIBUTION IN KIND CORRESPONDING TO INVIVO RETAIL’S
SHARE
CAPITAL WOULD BE INTEGRALLY REMUNERATED BY THE ISSUANCE OF NEW
ORDINARY SHARES OF 2MX ORGANIC, ISSUED AT A UNIT PRICE OF 10
EUROS EACH
    * THE ADMISSION TO TRADING ON THE PROFESSIONAL SEGMENT OF
EURONEXT
PARIS OF THE ORDINARY SHARES NEWLY ISSUED BY 2MX ORGANIC WOULD
BE REQUESTED BY 2MX ORGANIC
    * CONTEMPLATED TRANSACTION WOULD CONSIST IN CONTRIBUTION IN
KIND
OF INVIVO GROUP'S ENTIRE STAKE IN INVIVO RETAIL FOR BENEFIT OF
2MX ORGANIC
    * FOLLOWING THIS TRANSACTION, INVIVO RETAIL WOULD BECOME A
100%
OWNED SUBSIDIARY OF 2MX ORGANIC
    * THE CONTEMPLATED TRANSACTION WOULD BE SUBJECT TO THE
SIGNATURE
OF A DEFINITIVE AGREEMENT BETWEEN INVIVO GROUP AND 2MX ORGANIC
    * COMPLETION OF THE TRANSACTION SHOULD TAKE PLACE DURING THE
SECOND SEMESTER OF 2022

Further company coverage:  2MX.PA 

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