JAYS Group acquires the German eCommerce company KAVAJ GmbH
regulatory press release JAYS Group AB (publ) has today, the 20[th] of March 2019, signed a binding agreement to acquire the German eCommerce company KAVAJ GmbH with closing date 1[st] of April 2019. The business of KAVAJ will strengthen JAYS Group´s B2C-strategy based on an increased online presence and sales through Amazon as well as additional online market places. JAYS has agreed to pay 55% of the initial purchase price with JAYS shares through a directive right issues to the KAVAJ founders, and 45% of the initial purchase price as a cash payment at closing. The initial purchase