Brief: Vimian Acquires Pharmaceutical Company In UK

Vimian AB

31/01/2022 06:15

Jan 31 (Reuters) - Vimian Group AB  VIMIAN.ST :
    * SAID ON SATURDAY ACQUIRED BOVA HOLDINGS LIMITED, ANIMAL
HEALTH
SPECIALTY PHARMACEUTICALS COMPANY IN UK 
    * BOVA OFFERS CUSTOMISED SPECIALTY PHARMACEUTICALS FOR
COMPANION
ANIMALS AND HAD ANNUAL REVENUES PAST TWELVE MONTHS OF GBP 8.1
MILLION AND AN EBITDA OF GBP 2.9 MILLION
    * PURCHASE PRICE AMOUNTS TO GBP 50.5 MILLION AND ADDITIONAL,
POSSIBLE AMOUNT OF MAXIMUM GBP 25.5 MILLION VESTED OVER
THREE-YEAR PERIOD AND SUBJECT TO EBITDA HURDLES
    * BOVA IS EXPECTED TO BE CONSOLIDATED INTO VIMIAN'S
SPECIALTY
PHARMA SEGMENT ON OR AROUND FEB 4
    * ACQUISITION IS FINANCED WITH AVAILABLE FUNDS

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nMFN5KSc7W
 Further company coverage: [ VIMIAN.ST ] 

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