aap Implantate AG (XETRA: AAQ.DE) and a British Virgin Island-based Private Equity Company ("PE Company") announced today that they have entered a joint venture for aap's reconstructive implant business in the greater Asian market. Under the terms of the agreement, the PE Company will acquire 67% of the shares of aap's reconstructive implant subsidiary, aap Joints GmbH, for a consideration of EUR 3 million in cash, subject to adjustments for working capital. The notary authorization of all agreements is scheduled July 3rd.
aap Joints GmbH focuses on reconstructive implants (hips, knees, shoulder) and related products, including the bone cement brand
aap Joints GmbH focuses on reconstructive implants (hips, knees, shoulder) and related products, including the bone cement brand
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