Brief: Vogo Announces Completion Of Acquisition Of Vokkero Business

Vogo SA

31/10/2019 16:54

Oct 31 (Reuters) - Vogo SAS  ALVGO.PA :
    * ANNOUNCES COMPLETION OF THE ACQUISITION OF THE VOKKERO
BUSINESS
    * TRANSACTION INVOLVES ALL OF VOKKERO'S BUSINESS CAPITAL AND
100%
OF NORTH AMERICAN SUBSIDIARY ADEUNIS (3 EMPLOYEES)
    * ACQUISITION IS TO BE FINANCED USING A MEDIUM-TERM LOAN OF
AROUND
€4M GRANTED TO VOGO BY ITS FINANCIAL PARTNERS
    * TRANSACTION BASED ON A VALUATION OF €6.5 MILLION, OF WHICH
€6
MILLION IS TO BE PAID IN CASH UPON COMPLETION OF THE DEAL

Source text : https://bit.ly/2N4y2mu
Further company coverage:  ALVGO.PA 

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