Brief: USWE Sports Acquires Giant Loop In US

USWE Sports AB

22/06/2022 08:18

June 22 (Reuters) - USWE Sports AB  USWE.ST :
    * ACQUIRES GIANT LOOP IN U.S., ESTABLISHES SUBSIDIARY
    * FIXED PURCHASE PRICE AMOUNTS TO ABOUT SEK 30 MILLION (USD
3
MILLION), OF WHICH ABOUT SEK 15 MILLION (1.5 MILLION USD) IS
PAID IN CASH AND ABOUT SEK 10 MILLION (1.0 MILLION USD) IS PAID
THROUGH NEWLY ISSUED SHARES IN USWE UPON ENTRY
    * TAKEOVER IS EXPECTED TO BE COMPLETED ON JULY 1, 2022
    * HAS TODAY ENTERED INTO AN AGREEMENT ON ACQUISITION OF THE
US
COMPANIES GIANT LOOP LLC AND ARMADILLO BAG LLC

Source text for Eikon:  ID:nMFN1kPhCK 
Further company coverage:  USWE.ST 

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