Don Agro to acquire stake from Russian clinic group for $43.6m.

It will be bought from Khvicha Akubardia and Aleksander Sviridov.

Don Agro International Limited announced that JSC Tetra, a wholly-owned subsidiary, intends to acquire 99.99% and 11.50% of shares from 812 Capital LLC and Centre for Innovative Medical Technologies, respectively.

It will be bought from Khvicha Akubardia and Aleksander Sviridov who both own shares in 812 Capital LLC and in CIMT.

The total acquisition cost for the proposed acquisition is $43,668,141.75.

Based on the two companies’ unaudited accounts, book value and net tangible asset (NTA) value for the FY2023, is $1.1m. The net profits attributable to the target group for the same year is around $7.8m.

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