Acquisition of minority shareholding

 

TIDMCRYO 
 
RNS Number : 7160H 
Cryo-Save Group NV 
26 February 2010 
 

26 February 2010 
 
Cryo-Save Group N.V. 
 
Acquisition of minority shareholding of Hungarian and Czech Republic 
subsidiaries 
 
Cryo-Save Group N.V. (AIM/Euronext: CRYO, "Cryo-Save" or "the Group"), Europe's 
leading stem cell bank, has acquired the remaining 30% minority shareholding of 
its Hungarian subsidiary, Sejtbank Egeszsegugyi Szolgaltato Korlatolt 
Felelossegu Tarsasag and its subsidiary in the Czech Republic, Cryo-Save CZ 
s.r.o. (formerly Archiv Bunek), for a total cash consideration of EUR1.4 million. 
 
Marc Waeterschoot, Chief Executive, commented: 
 
"The acquisition of the remaining 30% of our Hungarian and Czech Republic 
subsidiaries is a logical step in their full integration into the Group, 
particularly as the Hungarian operation is one of our most successful 
businesses." 
 
Enquiries: 
 
+-------------------------------+----------------------------+ 
| Cryo-Save Group               |       + 31 (0) 575 548 998 | 
+-------------------------------+----------------------------+ 
| Marc Waeterschoot, Chief      |                            | 
| Executive                     |                            | 
| Arnoud van Tulder, Chief      |                            | 
| Financial Officer             |                            | 
+-------------------------------+----------------------------+ 
|                               |                            | 
+-------------------------------+----------------------------+ 
| Daniel Stewart & Company plc  |      + 44 (0) 20 7776 6550 | 
+-------------------------------+----------------------------+ 
| Simon Leathers / Emma Earl    |                            | 
+-------------------------------+----------------------------+ 
|                               |                            | 
+-------------------------------+----------------------------+ 
| College Hill                  |     + 44 (0) 20 7457 2020  | 
+-------------------------------+----------------------------+ 
| Adrian Duffield/Rozi Morris   |                            | 
+-------------------------------+----------------------------+ 
 
About Cryo-Save 
 
With more than 120,000 samples saved, Cryo-Save is the leading stem cell bank in 
Europe and one of the fastest growing in the world.  Driven by its international 
business strategy, Cryo-Save is now represented in 38 countries on three 
continents and has state-of-the-art processing facilities in Belgium, Germany, 
Dubai, India and France (under construction). 
 
Cryo-Save sets the highest quality standards in stem cell storage, as it aims to 
make an important contribution to conquer possible life-threatening diseases in 
the future. As a service to the public, Cryo-Save offers a Cost-free Family 
Donation Programme, free of charge, to families wishing to store their newborn's 
umbilical cord blood stem cells for a family member diagnosed with a 
life-threatening disease treatable by stem cells. The company is committed to 
further improve stem cell cryopreservation techniques, by participating in 
European Commission funded projects, in Universities and Hospitals. 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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