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OrderYOYO announced on Friday, June 17th, that the company is joining forces with app smart GmbH (“app smart”), a fast-growing market leader within shop systems, POS-systems and digital infrastructure addressing delivery restaurants in Germany and Austria. The transaction values the share capital of app smart DKK 222m (based on last closing price per share of 6.75 DKK of OrderYOYO 2022-06-16), which will be financed via issuance of new shares in OrderYOYO to the sellers and a cash payment of DKK 22.3m. Closing of the transaction is expected to occur on July 1, 2022.
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