Musti Group finalizes the acquisition of Pet City
Musti Group plc Press Release 25 November 2024 at 1.00 p.m. Musti Group finalizes the acquisition of Pet City Musti Group plc (“Musti”) has finalized the acquisition of Pet City OÜ which was announced on October 7th, 2024. Musti acquired the shares of Pet City OÜ (“Pet City”) (including its subsidiaries Eesti Veterinaaria Kliinikum OÜ, Pet City UAB, Pet City SIA) and Pet City Klinika UAB from Magnum Group for an Enterprise Value (EV) of EUR 18.2 million, of which EUR 13.7 million was paid in cash at closing. The remaining will be settled once the