MDGS - Mamoty part of Megigus signs merger agreement with Global Automax

Matomy Media Group, a Medigus ([[MDGS]] +23.8%) affiliated company enters into a merger agreement with Global Automax by way of an exchange of shares between Matomy and shareholders of Global Automax.Global Automax sold approximately 3,000 vehicles in 2019 with a turnover of NIS 355M.On merger completion, Matomy will acquire 100% of the shares of Global Automax in consideration of approximately 53% of the issued and paid-up capital of Matomy.Global Automax are expected to hold ~73% of Matomy’s issued and outstanding share capital.

For further details see:

Mamoty, part of Megigus signs merger agreement with Global Automax