Brief: Volati Divests Naturamed Pharma, Closes Consumer Business Area

Volati AB

21/12/2020 15:35

Dec 21 (Reuters) - Volati AB  VOLO.ST :
    * DIVESTS NATURAMED PHARMA AND CLOSES THE CONSUMER BUSINESS AREA
    * HAS ENTERED INTO AN AGREEMENT AND SOLD ALL OF SHARES IN NATURAMED PHARMA ("NMP") TO VISION
HEALTHCARE
    * TRANSACTION IS TAKING PLACE AT AN ESTIMATED ENTERPRISE VALUE OF EUR 6 MILLION
    * TRANSACTION IS EXPECTED TO GENERATE A CAPITAL LOSS OF APPROXIMATELY SEK 95 MILLION AND A
POSITIVE LIQUIDITY EFFECT OF APPROXIMATELY SEK 55 MILLION FOR VOLATI
    * IN CONNECTION WITH TRANSACTION, VOLATI IS CLOSING CONSUMER BUSINESS AREA
    * PURCHASE CONSIDERATION OF SEK 77 MLN FOR SHARES HAS BEEN SETTLED IN CASH

Source text for Eikon:  ID:nWkr4pHJbn 
Further company coverage:  VOLO.ST 

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