Photocat A/S (OM:PCAT) agreed to acquire Calcium Magnesium Acetate business of Alumichem A/S on for DKK 5 million June 28, 2022. Under the terms, Photocat will DKK 4 million in cash and DKK 1 million in shares. Photocat intends to finance the purchase price through a private placement of 500.000 shares in cash at market price and 100.000 new shares (or less) depending on the market price at the time of issue. The deal will be effective from second half of the year 2022.