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S-Ventures PLC - AQSE-listed investment firm focused on health and wellness sectors - Acquires food brand Lizza GmbH from Hamburg-based agricultural and oleochemical-focused trader Peter Cremer Holdings GmbH & Co KG, for £2 million in shares via the issue of 2.9 million shares at a price of 70 pence each.
‘We are delighted with this strategic alignment and for the support of Cremer. During uncertain times we continue to push forward and to accelerate our platform growth in the UK and Europe. Whilst we are concerned with the overall economic environment, we remain steadfast in solidifying our position and expanding our reach, we welcome Cremer as shareholders and look forward to working with the team at Lizza's,’ says Chief Executive Officer Scott Livingston.
Current stock price: 24.5 pence
12-month change: down 17%
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