Vita 34 takes over Danish StemCare Group

Vita 34 AG  / Key word(s): Acquisition

08.09.2015 10:01

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Vita 34 takes over Danish StemCare Group

Leipzig, September 8, 2015 - Vita 34 AG (WKN A0BL84) is taking over the
business of StemCare Group, Denmark, the leading Scandinavian cord blood
bank.

Today the management board signed, with the approval of the supervisory
board, the contract to completely take over all operations of the StemCare
Group. The final takeover will take place after the fulfillment of all
suspensive conditions, among them is the transfer of official permits. The
management expects these conditions to be fulfilled in the first quarter of
2016.

The StemCare Group is currently storing about 12,000 stem cell units for
clients from Denmark. Sweden, Romania and Turkey. In 2014 StemCare Group
generated revenues of EUR 1.6 million. With this takeover Vita 34 expects
the market entry into the Scandinavian market. After the takeover Vita 34
will be active in all European regions and expands its position as the
market leader in Europe.

Additional information:

ISIN: DE000A0BL849
WKN: A0BL84
Ticker symbol: V3V
Market segment: Regulated Market (Prime Standard) of the Frankfurt Stock
Exchange

Vita 34 AG
Deutscher Platz 5
04103 Leipzig
Germany

END OF THE AD-HOC NOTICE


08.09.2015 The DGAP Distribution Services include Regulatory Announcements,
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Language:     English
Company:      Vita 34 AG
              Deutscher Platz 5a
              04103 Leipzig
              Germany
Phone:        +49(0341)48792-40
Fax:          +49(0341)48792-39
E-mail:       ir@vita34.de
Internet:     www.vita34.de
ISIN:         DE000A0BL849
WKN:          A0BL84
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated
              Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
              Stuttgart
 
End of Announcement                             DGAP News-Service
 
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