Brief: Zinzino To Acquire Zurvita's Assets Following Successful Chapter 11 Process

Zinzino AB

14/02/2025 07:02

Feb 14 (Reuters) - Zinzino AB  ZZb.ST :
    * ZINZINO AB (PUBL.): ANNOUNCES ACQUISITION OF ZURVITA'S
ASSETS
FOLLOWING SUCCESSFUL CHAPTER 11 PROCESS
    * FINAL TERMS OF ACQUISITION HAVE NOW BEEN AGREED UPON BY
BOTH
PARTIES.
    * WILL PAY A FIXED PURCHASE PRICE OF USD 9.4 MILLION, WHICH
INCLUDES DIP FINANCING
    * ACQUISITION INCLUDES CONTINGENT EARN-OUT PAYMENTS BASED ON
SALES
PERFORMANCE FROM 2025 TO 2029, WITH A MAXIMUM ADDITIONAL
CONSIDERATION OF USD 1.9 MILLION
    * CASH PORTION OF PURCHASE PRICE WILL BE FINANCED THROUGH
ZINZINO'S EXISTING CASH RESERVES.

Source text:  ID:nWkrbSwRPP 
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