Metacon buys remaining 41.13% shares in Helbio

Metacon has reached an agreement to acquire the remaining 41.13% of the shares in Helbio Holdings SA in an all-stock transaction. Metacon already owns 58.87% of Helbio.

Following the acquisition, Helbio Holdings will be a wholly-owned subsidiary of Metacon in the product categories hydrogen generation and energy systems.

Metacon will pay about SEK129.4 million (US$15.6 million) in total consideration for the 41.13%, by way of issuing 23,556,273 Metacon shares, fixed at SEK5.50 (US$0.6) price per share. There will be 256,763,575 shares issued and outstanding in Metacon post Helbio transaction.