Fatfish: Accepts $12.7M offer for Swedish subsidiary

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Fatfish: Accepts $12.7M offer for Swedish subsidiary

Fatfish: Accepts $12.7M offer for Swedish subsidiary

  • Fatfish Blockchain has accepted a $12.7 million offer from Abelco Investment for the merger of its Swedish venture building subsidiary
  • The deal will see Abelco purchase 81 % of Fatfish’s holding in the Swedish company
  • This merger will create a leading investment company with an international presence in more than 20 countries
  • Then the Fatfish’s share price is up 40 per cent with shares trading for 1.4 cents apiece
  • Fatfish sees this transaction as an alternative path for FGV to pursue its listing in Sweden
  • Post-transaction FGV will hold approximately 50.1% of the enlarged share capital of Abelc