Brief: Zinzino Acquires Swiss Companies Enhanzz Global AG And Enhanzz IP AG

Zinzino AB

06/04/2022 09:09

April 6 (Reuters) - Zinzino AB  ZZb.ST :
    * ZINZINO AB (PUBL): ZINZINO ACQUIRES BRAND PORTFOLIO WITH
SWISS
SKINCARE AND SUPPLEMENTS
    * HAS ACQUIRED SWISS COMPANIES ENHANZZ GLOBAL AG AND ENHANZZ
IP
AG, INCLUDING THEIR SKINCARE BRAND HANZZ+HEIDII AND
MULTIFUNCTIONAL NUTRITION LABEL YU
    * ACQUIRES COMPANY ENHANZZ IP AG INCLUDING IP RIGHTS TO ITS
BRANDS
HANZZ + HEIDII AND YU
    * WILL PAY A FIXED PURCHASE PRICE OF EUR 1 MILLION UPON
ENTRY,
DIVIDED INTO 75% CASH AND 25% NEWLY ISSUED ZINZINO SHARES
    * TOTAL ADDITIONAL PURCHASE CONSIDERATION IS ESTIMATED TO
AMOUNT
TO EUR 2.5 MILLION, BUT MAY, IN CASE OF A MAXIMUM OUTCOME,
AMOUNT TO EUR 6.5 MILLION WHICH SHALL BE 100% SETTLED WITH NEWLY
ISSUED ZINZINO SHARES
    * CASH PART OF PURCHASE PRICE IS FINANCED WITH OWN CASH.
    * THERE ARE ALSO ADDITIONAL CONDITIONAL PURCHASE PRICES
BASED ON
SALES DEVELOPMENT GENERATED BY ACQUIRED DISTRIBUTOR ORGANIZATION
IN PERIOD 2022-2027

Source text for Eikon:  ID:nWkr38J9GP 
Further company coverage:  ZZb.ST 

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