The Board of Directors of
The proposal is to enter into an exclusive process to finalize the necessary due diligence required by Cambio, with the objective to reach a final and binding offer to acquire the operational business of FRISQ in the beginning of September. FRISQ will then call an EGM to secure the shareholders vote that is required to finalize a potential transaction. The target is to achieve closing of the deal no later than the end of September.
“We are very excited about the chance to become part of the Cambio family as it will allow FRISQ to scale more rapidly as part of one of the largest EMR systems in the Nordics. We also see that this development will allow FRISQ to meet our customers’ needs in a more resource efficient way, both in the short and long term”, says
”We are truly excited about the possibilities of being able to welcome FRISQ, its employees, partners and customers to Cambio. The portfolio of FRISQ will fill a very important part of our offering going forward but more importantly we will add lots of new fantastic talent across the board of our business. Now our focus will be on completing the Due Diligence and conclude the transaction during Q3”, says
During the exclusivity period, Cambio will extend a loan of maximum
The current FRISQ CEO,
“We would like to thank George for his valuable contribution in developing FRISQ to a proven valuable system for our customers”, says
The Board of
© Modular Finance, source