March 20, 2018 / 6:17 AM / 4 months ago

BRIEF-Stockholm IT Ventures Signs Technology Agreement With Cryptotech AS

March 20 (Reuters) - STOCKHOLM IT VENTURES AB:

* SIGNS TECHNOLOGY AGREEMENT WITH CRYPTOTECH AS

* TO PAY UP TO EUR 210 MILLION FOR DEAL, WITH EUR 200 MILLION BEING PAID IN CASH AND REMAINING EUR 10 MILLION IN SHARES

* TO SECURE LOAN FINANCING FOR THIS DEAL TO MINIMIZE SHAREHOLDER DILUTION WHILE INCREASING VALUE PER SHARE Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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