Umida Group AB (publ) (XSAT:UMIDA B) signed a letter of intent to acquire Brands for Fans Sweden AB for SEK 3 million on November 28, 2017. The consideration will be satisfied through issuance of shares by Umida Group. Brands for Fans reported annual turnover of SEK 15 million. Umida Group AB (publ) (NGM:UMIDA B) completed the acquisition of Brands for Fans Sweden AB on December 21, 2017.