$IGEX Announces Agreement to Acquire Saint Andrews Holding Press Release | 10/31/2023 https://www.otcmarkets.com/stock/IGEX/news/IGEX-Announces-Agreement-to-Acquire-Saint-Andrews-Holding?id=419745 October 31, 2023 Indo Global Exchanges Pte Ltd (IGEX) is thrilled to announce a pivotal milestone in its growth strategy. Under the leadership of CEO Antonio Sainz Millan, IGEX has successfully inked an agreement to acquire Saint Andrews Holding, a prominent Holding Company with multiple subsidiaries deeply involved in the aquaculture sector across Europe.
The strategic acquisition positions IGEX as a formidable player in the aquaculture industry, unlocking a wealth of synergies and complementing its existing portfolio. This move not only underscores IGEX's commitment to strategic growth but also solidifies its position as an industry leader.
CEO Antonio remarked, "This acquisition is a testament to IGEX's vision of becoming a global force in the aquaculture sector. Saint Andrews brings a wealth of experience and expertise to our group, and we are excited about the prospects this union presents."
The acquisition is subject to regulatory approvals and customary closing conditions, and is anticipated to be completed before the end of the year.
Notably, IGEX recently commissioned an independent financial advisor, RS Corporate Finance, to conduct a thorough company valuation. The assessment reveals an impressive Enterprise Value of USD 32.6 million, further reinforcing the potential and value proposition of this acquisition.
Note: This press release contains forward-looking statements that are subject to risks and uncertainties. Actual results may differ materially from those projected in the forward-looking statements. The company undertakes no obligation to update these statements, whether as a result of new information, future events, or otherwise.
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