Fuud continues its growth journey – acquires GI-Boxen and Foodbox
STOCKHOLM, March 28 2022 08.25 CET FUUD AB (publ) (“Fuud” or the “Company”) has today entered into a conditional agreement on the acquisition of 100 percent of the shares in GI-Boxen Sweden AB (“GI-Boxen”) and Foodbox Scandinavia AB (“Foodbox”). The total initial purchase price amounts to SEK 55 million. Payment shall be made partly through 42,307,691 newly issued shares in Fuud at a subscription price of SEK 0.65 per share, corresponding to a total of SEK 27.5 million (the “Remuneration Shares”), and partly in the form of cash payments corresponding to a total of SEK 27.5 million. In