Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

BRIEF-Aqua Bio Technology Buys All Rights To Moana Skincare

Published 10/09/2020, 08:59 pm
Updated 10/09/2020, 09:00 pm
© Reuters.

Sept 10 (Reuters) - Aqua Bio Technology ASA AQUB.OL :

* REG-AQUA BIO TECHNOLOGY (ABT) BUYS ALL RIGHTS TO MOANA SKINCARE AND INTEGRATES BACKWARDS INTO THE VALUE CHAIN.

* AQUA BIO TECHNOLOGY ASA - ABT NOW ACQUIRES ALL RIGHTS TO MOANA SKINCARE AND INTEGRATES BACKWARDS IN VALUE CHAIN

* AQUA BIO TECHNOLOGY ASA - ACQUISITION GIVES ABT CONTROL OVER ENTIRE VALUE CHAIN FROM PRODUCTION TO GLOBAL DISTRIBUTION

* AQUA BIO TECHNOLOGY ASA - WILL MAINTAIN ITS LOCAL PRESENCE AND KNOWLEDGE BY ENTERING INTO AN AGREEMENT WITH MOANA SKINCARE NEW ZEALAND LIMITED FOR DISTRIBUTION OF PRODUCTS IN NEW ZEALAND AND AUSTRALIA.

* AQUA BIO TECHNOLOGY ASA - ABT EXPECTS TO REALIZE SYNERGIES THROUGH UTILIZATION OF ITS OWN AND NEW MARKET ACCESS

* AQUA BIO TECHNOLOGY ASA - IN ADDITION, ABT WILL PAY A ROYALTY OF NET SALES FIRST 5 YEARS

* AQUA BIO TECHNOLOGY ASA - POSITIVE FINANCIAL CONSEQUENCES OF ACQUISITION WILL BE SIGNIFICANT IN EVENT OF SUCCESSFUL REVENUE GROWTH.

* AQUA BIO TECHNOLOGY ASA - WILL PAY UP TO NOK 26.7 MILLION FOR RIGHTS TO MOANA SKINCARE WITH THREE INITIAL PAYMENTS OF ABOUT NOK 5.8 MILLION AND A TURNOVER-BASED PAYMENT OF UP TO ABOUT NOK 20.6 MILLION BASED ON A TURNOVER FOR ABT OF UP TO ABOUT NOK 211 MILLION

* AQUA BIO TECHNOLOGY ASA - ACQUISITION ALSO BRINGS OPPORTUNITIES IN MOANA SKINCARE'S ALREADY EXISTING MARKET IN PACIFIC REGION, SO THERE IS ALSO A GOOD BASIS FOR CREATING FURTHER SYNERGIES

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.