JAYS Group AB completes the earlier announced acquisition of the German eCommerce company Kavaj GmbH
Regulatory press release 1[st] of April 2019 JAYS Group AB has today, per 1[st] of April 2019, completed the earlier announced acquisition of the German eCommerce company Kavaj GmbH. 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 price is totally