Bayn Group completes the acquisition of Koppers Candy Sweden AB
Bayn Group AB (publ) (“Bayn”), a foodtech group in sugar-reduced foods, has completed the acquisition of Koppers Candy Sweden AB (“Koppers”), a Swedish foodtech company that manufactures functional and sugar-reduced sweets, which was published on August 25, 2020.Bayn has today taken over the shares in Koppers. Bayn has paid USD 367,000 of the aggregated purchase price of USD 847,000 for the shares in Koppers in cash to the seller. The remaining USD 480,000 of the purchase price shall be paid in two tranches over the next 10 months. The acquisition is financed with existing cash and will be