Azerion Group N.V. (ENXTAM:AZRN) agreed to acquire mobile advertising in France and Germany of madvertise from madvertise SA (ENXTPA:ALMNG) for Ç11.3 million on July 5, 2022. The cash payment including both upfront and deferred payments amounts to at least Ç4.8 million and the share consideration represents issue of 0.384614 million Azerion shares to the selling shareholders at closing. The acquisition is expected to complete by the end of July 2022.
Azerion Group N.V. (ENXTAM:AZRN) completed the acquisition of mobile advertising in France and Germany of madvertise from madvertise SA (ENXTPA:ALMNG) on July 12, 2022. Philipp von Braunschweig of Poellath and Patrick Jais of De Pardieu Brocas Maffei acted as legal advisor to Metadvertise SociTtT.