BRIEF-SaveLend Group Acquires Refino's Debt Consolidation Loan Business

Yield10 Bioscience, Inc.

Yield10 Bioscience, Inc.

YTENQ

0.00

July 3 (Reuters) - SaveLend Group AB YIELD.ST:

  • SAID ON THURSDAY HAS THROUGH ITS UNIT SBL FINANS ENTERED INTO CONDITIONAL AGREEMENT TO ACQUIRE REFINO AB'S DEBT CONSOLIDATION LOAN BUSINESS

  • NO PURCHASE CONSIDERATION WILL BE PAID UPON COMPLETION

  • REFINO AB WILL RECEIVE ONGOING ROYALTY EQUAL TO 45% OF THE BUSINESS'S PROFIT BEFORE TAX UNTIL JULY 31, 2032

  • REFINO AB HAS UNDERTAKEN TO INVEST IN SAVELEND GROUP THROUGH CONVERTIBLE INSTRUMENT


Source text: ID:nMFN6xKDh8
Further company coverage: YIELD.ST


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