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Swedencare AB (publ) has completed the Italian acquisition which was made public on January 26th 2022

14:30 / 1 March 2022 Swedencare Press release

Swedencare AB (publ) has today gained access to the business of Innovet, which was acquired on January 26th 2022. Innovet is one of the Italy´s leading and most profitable companies focused on the veterinary segment. The purchase price amounts to EURO 50 million (approximately SEK 534 million) and consists of EURO 42,5 million (approximately SEK 457 million) in cash and an issue-in-kind of 606 799 shares in Swedencare, representing 7.5 million EURO (approximately SEK 77 million).

For more information about the acquired business, please see press release from January 26th 2022, when the acquisition was made public as well as a presentation available on the Company homepage

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This information was distributed by MFN