Increased ownership in NIPD Genetics
Medicover AB (publ) (“Medicover ”) has committed to acquire shares from existing shareholders and thereby increase its ownership in NIPD Genetics (“NIPD”) from 18.9 per cent to 87.2 per cent. The transaction is subject to customary merger control approvals and closing is expected in Q1 2022. Purchase price for the 68.3 per cent of acquired shares amounts to EUR 44.4 million with no debt assumed, implying an enterprise value of EUR 65.0 million. The acquisition will be funded with current committed debt facilities and consolidated when regulatory approval granted.