ASX-listed Way2 Vat rises on deal to buy Spanish firm

Way 2 Vat

29/07/2022 04:28

** Shares of Israel-based tech company Way2 Vat  W2V.AX 
rise as much as 57.9% to A$0.060, their highest since June 3
    ** The ASX-listed co says it entered deal with Voxel Media
to acquire Spanish company Devoluiva  urn:newsml:reuters.com:*:nASXtkM4L
    ** Says initial consideration 1 mln euros ($1.02 mln) in
shares 
    ** Says acquisition will enable it to enter the Spanish
market
    ** Stock posts its biggest intraday pct gain since April 22
    ** About 4.4 mln shares change hands, vs the 30-day average
volume of 549,476 shares
    ** Stock down 74.7% this year, as of last close

($1 = 0.9803 euros)

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((rishav.chatterjee@thomsonreuters.com))