December 21, 2017 / 7:56 AM / a month ago

BRIEF-Invuo sells SEQR for 8 mln SEK

Dec 21 (Reuters) - Invuo:

* INVUO ANNOUNCES THE SALE OF SEQR

* SAYS ‍AGREEMENT, BY WHICH GLASE ACQUIRES ALL SHARES IN SEQR GROUP AB (AND ALL ITS SUBSIDIARIES), PROVIDES FOR A PURCHASE PRICE OF 8 MSEK PAID IN CASH​

* SAYS ‍CLOSING OF TRANSACTION IS SCHEDULED TO TAKE PLACE BEFORE YEAR END 2017​

* SAYS ‍BY SELLING SEQR, INSTEAD OF WINDING DOWN BUSINESS AREA, INVUO EXPECTS A COST SAVING OF AROUND 20 MSEK​

* SAYS ‍AGREEMENT WITH SWEDISH COMPANY GLASE FINTECH AB​ Source text for Eikon: Further company coverage: (Stockholm Newsroom)

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