Acquisition of minority shareholding of Hungarian and Czech Republic subsidiaries
Cryo-Save Group N.V. (AIM/Euronext: CRYO, “Cryo-Save” or “the Group”), Europe’s leading stem cell bank, has acquired the remaining 30% minority shareholding of its Hungarian subsidiary, Sejtbank Egeszsegugyi Szolgaltato Korlatolt Felelossegu Tarsasag and its subsidiary in the Czech Republic, Cryo-Save CZ s.r.o. (formerly Archiv Bunek), for a total cash consideration of €1.4 million.
Marc Waeterschoot, Chief Executive, commented:
“The acquisition of the remaining 30% of our Hungarian and Czech Republic subsidiaries is a logical step in their full integration into the Group, particularly as the Hungarian operation is one of our most successful businesses.”
Enquiries:
Cryo-Save Group + 31 (0) 575 548 998
Marc Waeterschoot, Chief Executive
Arnoud van Tulder, Chief Financial Officer
Daniel Stewart & Company plc + 44 (0) 20 7776 6550
Simon Leathers / Emma Earl
College Hill + 44 (0) 20 7457 2020
Adrian Duffield/Rozi Morris