Zinzino AB (publ) (OM:ZZ B) acquired 49% stake in Cleanthi Alpha-Olenic Ltd for ?2.4 million on June 27, 2024. Zinzino initially acquires 49% of the shares in the Company and pays a fixed purchase price of ?1.9 million at closing, of which ?1.2 million in newly issued Zinzino shares. In addition, Cleanthi will receive ?0.5 million through a new issue of Zinzino. In addition, Zinzino also receives an option to acquire an additional 1% of the Company from the sellers for ?1. The cash part of the purchase price and the new share issue is financed through the group's own cash.

Zinzino AB (publ) (OM:ZZ B) completed the acquisition of 49% stake in Cleanthi Alpha-Olenic Ltd on June 27, 2024.