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Deal snapshot: ITACONIX SELLS HOLDINGS IN DANISH NICOTINE GUM COMPANY ALKALON TO HELMICH INVEST.

MANews-(C)2009-2019

UK-based speciality polymers producer Itaconix (AIM: ITX) has sold its minority interest in Danish nicotine gum company Alkalon A/S to Helmich Invest ApS, Nolta ApS, Solco ApS, and Commerce Pharma Holding ApS, existing shareholders in Alkalon, for DKK 2.0m (GBP 242,000) (USD 300,000), the company said.

The proceeds consist of GBP 194,000 (USD 244,810) for the company's minority equity interest in Alkalon and GBP 48,000 (USD 60,570) for the full principal and accrued interest of a shareholder loan. Itaconix held 22.49% of Alkalon's ordinary shares.

Country: Denmark

Sector: Consumer Products

Target: Alkalon/22.49% stake

Buyer: Helmich Invest ApS, Nolta ApS, Solco ApS, and Commerce Pharma Holding

Vendor: Itaconix

Deal size in USD: .3m

Type: Divestment

Financing: Cash

Status: Closed

Buyer advisor: , ,

Comment:

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Publication:M & A Navigator
Date:Jun 3, 2019
Words:135
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