Crown Energy AB (publ) has entered into a Letter of Intent to acquire 85% of a company group within the medtech sector
INSIDE INFORMATION: Crown Energy AB (publ) ("Crown Energy" or the "Company") has today entered into a Letter of Intent (the "LOI") with a seller to acquire 85 percent of a company group within the medtech sector with operations mainly in Italy (the "Target Group"). Under the LOI, the Company has agreed to make an upfront payment amounting to EUR 16.3 million in cash to the seller within three business days following the execution of the LOI. MAIN TERMS AND CONDITIONS OF THE LOI The LOI enables the Company to initiate a due diligence of the Target Group and gives the Company an