Cryo-Save Group N.V.:Management buyout India completed

Cryo-Save Group N.V.:Management buyout India completed

ID: 311189

(Thomson Reuters ONE) -


Cryo-Save Group N.V. (Euronext: CRYO, 'Cryo-Save', or 'the Group'), the leading
international stem cell storage company and the largest family stem cell bank in
Europe, announces the completion of its Indian Management Buyout.

The Group announced that it reached agreement on the crucial terms and
conditions regarding the sale and purchase of 100% of the total issued and paid
share capital of its Indian subsidiary Cryo-Save (India) Private Limited with a
consortium including representatives of the current local management on 25
September. The management buyout, which is fully supported and agreed by the
Board of Cryo-Save, was completed as per 30 October 2013.



Enquiries:
Cryo-Save Group + 31 (0) 575 548 998

Evi Mattil, Chief Commercial Officer and Chief Executive Officer a/i





About Cryo-Save (www.cryo-save.com/group)

Cryo-Save, the leading international family stem cell bank, stores more than
250,000 samples from umbilical cord blood and cord tissue. There are already
many diseases treatable by the use of stem cells, and the number of treatments
will only increase. Cryo-Save has cryopreserved samples from over 70 countries
on six continents, with ultra-modern processing and storage facilities in
Belgium, Germany, Dubai and South Africa.


Click here for PDF press release:
http://hugin.info/143308/R/1739461/583822.pdf



This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Cryo-Save Group N.V. via Thomson Reuters ONE




[HUG#1739461]




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Bereitgestellt von Benutzer: hugin
Datum: 31.10.2013 - 07:00 Uhr
Sprache: Deutsch
News-ID 311189
Anzahl Zeichen: 2115

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