March 28, 2018 / 4:06 PM / 7 months ago

BRIEF-AB-Biotics Enters Into License Agreement With Kaneka Americas Holding

March 28 (Reuters) - AB-BIOTICS SA:

* SAYS ENTERS INTO LICENSE AGREEMENT WITH US COMPANY KANEKA AMERICAS HOLDING

* SAYS GRANTS EXCLUSIVE RIGHT TO MANUFACTURE AND OFFER CERTAIN AB-BIOTICS PRODUCTS IN JAPAN AND NORTH AMERICA‍​

* AS PART OF AGREEMENT KANEKA TO BUY 26.86 PERCENT OF AB-BIOTICS SHARE CAPITAL

* SAYS KANEKA TO BUY 500,000 SHARES THAT COMPANY HAS IN TREASURY STOCK, AT PRICE OF 2.27 EUROS PER SHARE

* KANEKA COMMITS TO INVEST 490,000 EUROS IN DEVELOPMENT OF COMPANY'S PRODUCTS Source text: bit.ly/2GBuaa1 Further company coverage: (Gdynia Newsroom)

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