Financière Wow Acquires 70% of Scan4All from Condor Technologies; Parties Settle Purchase Price
November 28, 2019
Condor Technologies NV and Financière Wow SAS agreed the settlement of the purchase price related to Financière Wow’s November 28, 2019 acquisition of 70% of Scan4All SAS. Because the original payment mechanism (transfer of Condor Technologies shares) proved impractical, the parties agreed a cash settlement and assignments to certain creditors, valuing the assigned portion of the receivable at EUR 3,978,276.92 (684,400 CT shares); Condor retains a receivable for the balance of 42,533 CT shares.
- Buyers
- Financière Wow SAS
- Targets
- Scan4All SAS
- Sellers
- Condor Technologies NV
- Industry
- Medical Devices
- Location
- France
- Transaction Type
- Buyout
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