Revenio Group Oyj: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Revenio Group Oyj acquires Oscare Medical Oy
Revenio Group Oyj:Says it signed a contract on Dec. 4 to buy the majority of Oscare Medical Oy, increasing its ownership of the company to 53 percent from a previous level of 22.5 percent.Says it will pay the nominal value of Oscare Medical's shares.Says a main component of the financial effect of the sale consists of funding arrangements whereby Revenio will take responsibility for funding provided to Oscare by other shareholders, worth approximately 0.5 million euros.Says it will assume main responsibility for the company's business operations and will fund costs related to bringing products into the market and to developing the product further.
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