Cosmos Health Inc. Is Proposing To Acquire And Finance Docpharm Gmbh. For €800,000 In Cash; An Additional €1,000,000 Will Be Provided By A Basic Credit Line With A Designated Bank Account Within 10-Days Of Closing Of The Acquisition
Portfolio Pulse from Happy Mohamed
Cosmos Health Inc. plans to acquire and finance Docpharm GmbH for €800,000 in cash, with an additional €1,000,000 provided by a basic credit line from a designated bank account within 10 days of closing the acquisition.
May 31, 2023 | 8:28 pm
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Cosmos Health Inc. is acquiring Docpharm GmbH for €800,000 in cash and an additional €1,000,000 credit line within 10 days of closing.
The acquisition of Docpharm GmbH by Cosmos Health Inc. is expected to have a positive short-term impact on COSM's stock price. The acquisition will likely expand Cosmos Health's product portfolio and market reach, potentially leading to increased revenues and growth. The financing terms, including the cash payment and credit line, also indicate a strong financial position for the company.
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