September 11, 2018 / 8:09 AM / in 2 months

BRIEF-PBKM Obtains Funding To Pay For Stemlab Shares, Finance Its Operations

Sept 11 (Reuters) - POLSKI BANK KOMOREK MACIERZYSTYCH SA (PBKM):

* SAYS TOGETHER WITH ITS UNITS IT SIGNED A LOAN AGREEMENT WITH PKO BANK POLSKI SA TO FINANCE THE ACQUISITION OF SHARES IN A PORTUGUESE ENTITY, STEMLAB SA

* TO RECEIVE A 5-YEAR LOAN DENOMINATED IN EUROS AMOUNTING TO 65 MILLION ZLOTYS TO PAY FOR THE SHARES AND 1-YR REVOLVING LOAN OF UP TO 10 MILLION ZLOTYS TO FINANCE ITS CURRENT OPERATIONS

* THE TOTAL AMOUNT OF THE LOAN AND REVOLVING LOAN AMOUNTS TO 75 MILLION ZLOTYS

* THE COMPANY INFORMED ABOUT THE ACQUISITION OF SHARES IN STEMLAB IN JULY

* PORTUGAL’S COMPETITION AUTHORITY APPROVED THE TRANSACTION IN AUGUST

* STEMLAB IS A CRYOPRESERVATION BANK OF STEM CELLS

Source text for Eikon:

Further company coverage: (Gdynia Newsroom)

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