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Scandinavian Clinical Nutrition I Sverige AB to Acquire Medica Clinical Nord AB-FULL STORY

Thursday, 25 Apr 2013 03:19am EDT 

Scandinavian Clinical Nutrition I Sverige AB announced that the Company has signed an agreement to acquire all shares in a Scandinavian healthcare company Medica Clinical Nord AB (MCN) through a directed share issue of a maximum of SEK 5 million to MCN's shareholder QV Private Equity AB (QVPE). The acquisition is subject to approval by the Company's General Meeting to be held on June 12, 2013, where shareholders will decide on the acquisition through issue of 98 million shares and additional payment of a maximum of 40 million shares based on MCN's financial results. If the General Meeting approves the acquisition and share issue, QVPE’s stake in the Company will amount to 49.3% and may raise to 56.7% if the additional payment of maximum 40 million shares takes place. 

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